Banks 'Virtually Laughing' at Loan Seekers: Trump

There are no signs that the real economy is improving and banks are still not lending despite the huge amounts they received from the government, legendary real-estate investor Donald Trump told CNBC Wednesday.

"The banks are not lending money, there's no money out there, no matter how strong you are, no matter how good your deal is, if you go to a bank today they virtually laugh at you if you're asking for money. They don't have money or they're hoarding money," he said.

LEER MAS