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Stop Trading!: Bush Subprime Plan Not a Bailout

Thursday, 6 Dec 2007 | 5:27 PM ET

Cramer is tired of hearing that President George W. Bush's plan to freeze subprime interest ratesis a bailout, he told Erin Burnett during Stop Trading! Thursday. He chalked the complaining up to investors who shorted the financials.

"Everybody knows we've got to slow the [foreclosure] process down," Cramer said, "so these companies can raise capital and therefore stay in business, and snap back like in 1990 when Citigroup was insolvent."

Stop Trading!
Mad Money host Jim Cramer shares his stock picks and his thoughts on Bush's subprime plan with CNBC's Erin Burnett.

The plan should help reduce some of the growing housing inventory and keep the system from collapsing, Cramer said.

Questions for Cramer? madmoney@cnbc.com

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