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.'
