Jim Cramer was bearish on several financial names on


"Stop Trading!" segment Friday.

Cramer blasted several banks which he does not have on his buy list. First up was

Downey Financial

(DSL) - Get Report

, which Cramer said was "so 1990s," and has the worst nonperforming assets. He said to go through Downey's financials because "they are daunting."

Following this, Cramer said that

Washington Mutual

(WM) - Get Report

is "horrible."

Moving on to

Bank of America

(BAC) - Get Report

Cramer said the company's acquisition of

Countrywide Financial

( CFC) was a "big mistake." Cramer said that Bank of America is now the "ultimate toxic waste pit."

At the time of publication, Cramer had no positions in any of the stocks mentioned.

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