mikee likee
3/8/2006, 11:43 AM
An Aggie walks into a bank in New York City and asks for the
loan officer. He tells the loan officer that he is going to Texas 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 Aggie 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 Aggie 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 Aggie 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 Aggie 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 the Aggie
loan officer. He tells the loan officer that he is going to Texas 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 Aggie 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 Aggie 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 Aggie 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 Aggie 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 the Aggie