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"This is just a huge positive," Jim Cramer said on Tuesday's "Stop Trading!" segment on CNBC, referring to Federal Housing Finance Agency Director John Lockhart's announcement that Fannie Maeundefined and Freddie Macundefined will work to refinance mortgages.

"If we keep people in their homes, then we stop house price depreciation," Cramer said. If people can't keep their homes and their jobs, he said, "we're going to have another meltdown."

"We have to keep the Great Depression off the table," he said. "I don't care how we do it. I don't care if we have to give every man, woman and child $5,000!"

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

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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