Donald Trump was a topic of discussion today. Appearing on the CNN program, The Situation Room with Wolf Blitzer, the Donald told everyone watching, that this is a great time to buy real estate, and that he is presently doing just that. He went on to say that there are many bargains out there, and that those who have the means, should be buying if they can get into great deals.
Blitzer asked him how one could know that a deal is a great one, in light of the possibility that home prices may continue to fall. Trump felt very confident that a person making a great deal now, would be happy with the investment in years to come.
All of this happened, as Trump Entertainment Resorts filed for bankruptcy today. Trump insists that the company bears his name only, and that it represents less than 1% of his total holdings. He said he had nothing to do with the management of the company.
Trump expressed, in another interview, that the difficulty in the economy is that the banks won’t lend money. He suggests that the government should not give the banks bailout money unless they loan it out.