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bank collateral? (a short story)

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Old Jun 20, 2002 | 04:02 PM
  #1  
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Default bank collateral? (a short story)

A girl walks into a bank in New York City and asks for the loan officer. She says she's going to Europe on business for two weeks and needs to borrow $5,000.

The bank officer says the bank will need some kind of security for the loan, so the girl hands over the keys to a new Ferrari. The car is parked on the street in front of the bank, she has the title and everything checks out. The bank agrees to accept the car as collateral for the loan.

The bank's president and its officers all enjoy a good laugh at the girl for using a $250,000 Ferrari as collateral against a $5,000 loan. An employee of the bank then proceeds to drive the Ferrari into the bank's underground garage and parks it there.

Two weeks later, the girl returns, repays the $5,000 and the interest,which comes to $15.41. The loan officer says, 'Miss, 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 multimillionaire. What puzzles us is, why would you bother to borrow $5,000?'

The girl 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?'
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Old Jun 20, 2002 | 04:35 PM
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Oldie but goodie. Used to be told as a blond joke.
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Old Jun 20, 2002 | 05:05 PM
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I remember this joke being about an old man. Funny, but it does'nt belong in Car Talk. Off to the "off-topic" field you go!
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