Wall Street wants second mortgages expanded for 'the next big U.S. stimulus.' Is that wise?

Freddie Mac's proposed entry into the secondary mortgage and home equity loans market could release nearly $1 trillion to $2 trillion for consumers according to Meredith Whitney, potentially easing access to home equity without refinancing or resorting to high-interest credit card debt.

While supporters see the proposal as a positive economic stimulus, concerns loom over the Federal Reserve's focus on managing inflation and the current high levels of home equity owned by U.S. homeowners.

Read at Fast Company