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Jim Cramer's Stop Trading! Buy Lehman

Cramer says the firings are good for earnings.

Buy

Lehman Brothers

(LEH)

, Jim Cramer said Wednesday on CNBC's Stop Trading! segment.

Cramer said the firing of 1,200 workers at the broker's BNC mortgage unit is good because they weren't making the company any money anyway.

Cramer said additional firings will be good at other struggling mortgage players like

Countrywide

(CFC)

, which he said will also benefit from reduced competition from marginal players going bust.

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

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