Trump's Dad and him are big time democrats, because they get favored zoning ordinances and tax breaks in NYC with their contributions. He's right about the loans. I have some friends with huge income, AAA credit, same job for 25 years, do a simple refinance on homes they originally paid cash for. The refi took over 3 months. Banks are sitting on cash, I imagine due to cover anticipated commercial loan losses.
They are not loaning money unless they absolutely have to.