TheStreet.com TV Recap: Sorting Through the Subprime Slaughter

It's very clear from the American Home Mortgage (AHM Quote) meltdown that market players can't trust any of the subprime-mortgage lending companies, Jim Cramer said on TheStreet.com TV's Wall Street Confidential Web video Tuesday.

"I'm willing to bet that Countrywide Financial (CFC Quote) survives," Cramer said. "I'm thinking that Thornburg Mortgage (TMA Quote) could survive because they did a lot of loaning only to rich people."

Redwoods Trust (RWT Quote) is another exception because it's under 10%, he added. "If you have a stock that has a higher-than-10% yield, then it's not going to make it, or it could be subject to American Home." ...