Coyoteduster
Well-Known Member
His name was Bubba. He was from Texas but he was in New York City
and he needed a loan, So...He walked into a bank in the Big Apple and
asked for the loan Officer.
He told the loan officer that he was going to Paris for an International
redneck festival 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 Texas 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 private underground garage and parked it.
Two weeks later, Bubba 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 on Dunn & Bradstreet and
found that you are a distinguished alumni from the University of Texas,
a highly sophisticated investor and multimillionaire with real estate and
financial interests all over the world. Your investments include a large
number of wind turbines around Sweetwater, Texas. What puzzles us
is, why would you bother to borrow $5,000?"
The good 'ole boy 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?"
Moral of the story: just 'cause we talk funny it doesn't mean we're stupid !
and he needed a loan, So...He walked into a bank in the Big Apple and
asked for the loan Officer.
He told the loan officer that he was going to Paris for an International
redneck festival 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 Texas 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 private underground garage and parked it.
Two weeks later, Bubba 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 on Dunn & Bradstreet and
found that you are a distinguished alumni from the University of Texas,
a highly sophisticated investor and multimillionaire with real estate and
financial interests all over the world. Your investments include a large
number of wind turbines around Sweetwater, Texas. What puzzles us
is, why would you bother to borrow $5,000?"
The good 'ole boy 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?"
Moral of the story: just 'cause we talk funny it doesn't mean we're stupid !
