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Donald Trump, YOU'RE FIRED!

By
Services for Real Estate Pros

An article was released today quoting The Donald in a phone interview on CNBC's "Squawk Box."

The article quotes Mr. Trump as saying:

"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,"

OUCH.

Here's the full article, and it had a pretty catchy title: Banks 'Virtually Laughing' at Loan Seekers: Trump

But if you take the time to watch/listen to the interview -- which most of us don't have time to do -- he was very clearly talking about commercial loansNOT residential financing. When you're in the market for a FIVE HUNDRED MILLION DOLLAR loan, I imagine it's a lot different than the five hundred thousand dollar loan most of us are concerned with.

Well gee, that makes a difference!

This sort of -- dare I say -- irresponsible reporting is hurting our economy's recovery. Imagine how many people might have glanced at this article and scanned the quote from Mr. Trump and thought, "Wow. If Donald Trump thinks it's hard to get a loan, what chance do I have?!? Well forget trying to buy a house then!"

So to re-direct my subject line more appropriately: Unnamed CNBC reporter: YOU are fired!

To everyone reading this: home loans are alive and well. Thriving, if I may be so bold. No one gets a home loan from a reporter, so I'm not sure why there are posing as the authority. Oh right... they're quoting The Donald...

While this post may be a little more on the satirical side than most of my comments, there's only so much a guy can take as far as mis-information, innacurate reporting that serves no good purpose!

Ok -- off my soapbox now. And it's available to anyone who'd like to comment. STEP RIGHT UP!

 Thanks for reading! --James Wirth

 

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