An Indian man and his Ferrari...
An Indian man walks into a bank in New York City
and asks for the
loan officer. He tells the loan officer that he is
going to India on
business for two weeks and needs to borrow
$5,000. The bank officer
tells him that the bank will need some form of
security for the
loan, so the Indian man hands over the keys to a
new Ferrari parked
on the street in front of the bank. He produces the
title and
everything checks out. The loan officer agrees to
accept the car as
collateral for the loan. The bank's president and its
officers all
enjoy a good laugh at the Indian for using a
$250,000 Ferrari as
collateral against a $5,000 loan. An employee of
the bank then
drives the Ferrari into the bank's underground
garage and parks it
there.
Two weeks later, the Indian returns, repays the
$5,000 and the
interest, which comes to $15.41. The loan officer
says, "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
multi-millionaire.What puzzles us is, why would
you bother to
borrow $5,000'" The Indian replies: "Where else
in New York City
can I park my car for two weeks for only $15.41
and expect it to be
there when I return'" :) :P :~)
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