Hudson City Limits - Cramer's Stop Trading! (4.22.08)

Recap of Jim Cramer’s comments on Stop Trading! Tuesday April 22. Click on a stock ticker for more analysis.

Hudson City Bankcorp (HCBK), Fannie Mae (FNM), Freddie Mac (FRE) -- Cramer is bullish on HCBK because it is thriving while its competitors are struggling behind. CEO Ronald Hermance said part of his company's success was due to the backlog of mortgage applications, reliable funding and the geographic luck of being located in New Jersey rather in more troubled subprime states. Cramer said Hermance was being too modest for not taking credit for his company's success and reiterated his statement that FNM and FRE should take care of bad loans. Hermance believes that housing prices will fall organically.

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