Cramer on today’s STOP TRADING on CNBC said that the sub-prime mortgage is bad gone worse.  Neither New Century (NEW) nor others are good but they are not the size of a large financial insitution.  On Countrywide (CFC) he thinks it is best of breed and the insider selling the stock is hurting the stock.  He gace a statistic that 10% of loans are sub-prime and 15% of those are failing; so it is only 1.5% of loans and not then end of the world.

Cramer said Coca-Cola (KO) is one of his best names today.

Jon C. Ogg
March 5, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.