- 15 Oct 2005, 18:45
#4137
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'"
Ah, the mind of an Indian...
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'"
Ah, the mind of an Indian...
)
