Donald Trump says banks are 'virtually laughing' at homebuyers

Always one for hyperbole, Donald Trump recently told CNBC that banks are "virtually laughing" at people who are looking to get loans.

"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. . . 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."