Jim Cramer told viewers of CNBC’s “Stop Trading!” segment that the tape was lying today in regards to Freddie Mac (FRE) and Fannie Mae (FNM) trading significantly higher as the market fell 240 points. The market seems to be shifting opinions that the government will not need to bail these firms out after Freddie Mac sold $2 billion in debt Monday. “I can’t touch this. It’s too difficult, to predict where they’ll go next,” Cramer said. He also mentioned that the preferred stocks of both companies could be wiped out and that would hurt JPMorgan Chase (JPM), Sovereign (SOV) and other big banks that hold large positions in Fannie and Freddie preferred shares. Moving on to Lehman Brothers (LEH), Cramer said CEO Richard Fuld is paralyzed and he doubts that if he left Lehman the stock would do any better. Finally, Cramer said that Nordson (NDSN) is down today after missing an earnings report last Friday. He said Nordson CEO Edward Campbell is a candid good man, but Wall Street was looking for more growth than the company delivered. Chat and share ideas with the best small cap traders LIVE each day free at Stocknetworkonline.com