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.
Banks received "billions and billions" of dollars and this made them solvent, and some want to pay it back sooner, but they should lend to boost the economy, according to Trump.
"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.
"The policy makers have to make the banks loan the money that they're giving to the banks. I don't know what they do with the money but they don't have any money to lend," he added.