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Avoid bond insurers MBIA (MBI Quote) and Ambac (ABK Quote), Jim Cramer said on CNBC's "Stop Trading!" segment Thursday.
"I was worried about them for months," Cramer said. He added that he's done worrying now, because the insurers' troubles are so widely known. "When everybody knows about it ... you're done."
"I would never own those stocks," Cramer stressed, calling them "the moral hazard."
In the wake of the Fed's 50-basis-point rate cut, Cramer predicted a housing shortage. ...
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