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TheStreet.com TV Recap: Rate Cut Could Be Subprime's Gift

Stock quotes in this article: GS , LEND , NDE , NFI , BSC , LEH , FMT , UNH , C  

"The bottom line is things are falling into place for the rate cut," due to the subprime lending crisis, Jim Cramer said on TheStreet.com TV's Wall Street Confidential Web video Tuesday.

"If this is the pain we need to have ... you are talking about 1% of the loan market bringing down the whole market ... then that's an opportunity," he told Gregg Greenberg, the host of Wall St. Confidential.

Cramer said he believes Accredited Home Lenders (LEND Quote) will get its loans called in first, followed by IndyMac (NDE Quote), Novastar (NFI Quote) and Fremont General (FMT Quote). ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
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