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Jim Cramer would still be buying Countrywide (CFC Quote) even as the subprime lending business goes sour, he said Thursday on CNBC's "Stop Trading!" segment.
Cramer said the warnings late Wednesday from HSBC (HBC Quote) and New Century (NEW Quote) are "just the beginning" of the shakeout of lower-quality names in the low-end mortgage business.
"Some of these companies had bad models," Cramer said. "HSBC wanted in so bad, they lowered their standards" in buying lenders such as Household International. ...
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