doc ice
10-27-2007, 09:41 PM
An Italian walks into a bank in New York City and asks for the loan officer. He
tells the loan officer that he is going to Italy 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 Italian hands over the keys to a new
Ferrari. The car is parked on the street in front of the bank. The Italian
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 Italian 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 Italian 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 Italian 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?" Ah, The
Italians
tells the loan officer that he is going to Italy 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 Italian hands over the keys to a new
Ferrari. The car is parked on the street in front of the bank. The Italian
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 Italian 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 Italian 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 Italian 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?" Ah, The
Italians