A
Chinese 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 China 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
Chinese 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 Chinese
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 Chinese 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 you would bother to borrow
$5,000? The Chinese 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 safely when I
return.'
Never laugh at a Chinese!
