Fringy, science-stuff, maybe fact or fiction?

Italian Loan

An Italian walked into a bank in New York City and

asked for the loan officer He told the loan officer

that he was going to  Italy  on business 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 Italian

handed over the keys to a new Ferrari. The car was

parked on the street in front of the bank. The

Italian 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 Italian 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 underground garage and parked it.

Two weeks later, the Italian 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 and found that you are a

multimillionaire. What puzzles us is, why would you

bother to borrow $5,000?'

The Italian replied: 'Minga, 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?'

Posted by: NeutronNorman at 14:09 | link | comments