jack schitt
08-12-2008, 06:45 AM
A Redneck from Texas walked into a bank in New York City and
asked for the loan officer. He told the loan officer that he
was going to Bakersfield on business for two weeks and needed
to borrow $5,000 and that he was not a depositor of the bank.
The bank officer told him that
the bank would need some form of security for the loan, so the Redneck
handed over the keys
to a new Ferrari.
The car was parked on the street
in front of the bank. The Redneck produced the title and everything
checked out. The loan officer agreed to hold the
car as collateral for the loan and apologized for having to charge 12%
interest.
Later, the bank's president and
its officers all enjoyed a good laugh at the Redneck from the south for
using a $250,000 Ferrari as collateral for a $5,000 loan.
An employee of the bank then
drove the Ferrari into the bank's underground garage and parked it.
Two weeks later, the Redneck
returned, repaid the $5,000 and the interest of $23.07. The loan
officer said, 'Sir, we are very happy to have had your business, and
this transaction has worked out very nicely, but we are a little
puzzled. While you were away, we checked you out and found that you
are a multimillionaire. What puzzles us is, why would you bother to
borrow 5,000?'
The Texas Redneck replied,
"Where else in New York City can I park my car for two weeks for only
$23.07 and expect it to be there when I return?"
asked for the loan officer. He told the loan officer that he
was going to Bakersfield on business for two weeks and needed
to borrow $5,000 and that he was not a depositor of the bank.
The bank officer told him that
the bank would need some form of security for the loan, so the Redneck
handed over the keys
to a new Ferrari.
The car was parked on the street
in front of the bank. The Redneck produced the title and everything
checked out. The loan officer agreed to hold the
car as collateral for the loan and apologized for having to charge 12%
interest.
Later, the bank's president and
its officers all enjoyed a good laugh at the Redneck from the south for
using a $250,000 Ferrari as collateral for a $5,000 loan.
An employee of the bank then
drove the Ferrari into the bank's underground garage and parked it.
Two weeks later, the Redneck
returned, repaid the $5,000 and the interest of $23.07. The loan
officer said, 'Sir, we are very happy to have had your business, and
this transaction has worked out very nicely, but we are a little
puzzled. While you were away, we checked you out and found that you
are a multimillionaire. What puzzles us is, why would you bother to
borrow 5,000?'
The Texas Redneck replied,
"Where else in New York City can I park my car for two weeks for only
$23.07 and expect it to be there when I return?"