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The Housing Bill Will Move Builders and Banks

By Jim Cramer

 About this article:
 The housing bill is a huge deal. I don't think people realize how big. Besides saving Fannie and Freddie through the big losses -- perhaps to the Promised Land where there will be stronger fees overwhelming charge-offs sometime in 2010? -- it will help eliminate the overhang of foreclosed homes. That's bullish for my two faves in a hated industry: KB Home and Toll Brothers, the two best houses in a real crummy neighborhood. (I like Ryland too on this bill.) But more important, the question, the bigger question, is, how much is in the bank stocks for this bill? We all know there has to be a price, a time, where these stocks are overinflated. We obviously aren't there yet, in part because even the worst of the banks, Washington Mutual, is passing muster today. The move in the four fortresses, Bank of America, JPMorgan Chase, U.S....

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