A Redneck from Morgantown, West Virginia walked into a bank in New York
City and asked for the loan officer. He told the loan officer that he was
going to Paris on 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 south 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, the
Redneck 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 highly sophisticated investor and
multimillionaire with real estate and financial interests all
over the world. What puzzles us is, why would you bother to
borrow $5,000?'
The good 'ole West Virginia 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?
'
His name was BUBBA...
Gotta love them
hillbillies!
