The panic over subprime lenders is "overdone" and substantial fallout will be "contained to one or two ne'er-do-wells," Jim Cramer said Thursday on
"Stop Trading!" segment.
Cramer said it's possible we could still see a big player in the financial space take a big portfolio hit from the blowups in
and other lenders to borrowers with poor credit histories. But he stressed that there has been a "rush to capital from this sector," which should mean that all but the unhealthiest players should survive and that there shouldn't be a risk of a huge problem in other financial companies.
Cramer is bullish on
, saying the consumer remains robust even though "no one has any faith" on Wall Street.
At the time of publication, Cramer had no positions in stocks mentioned.
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