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Italian Loan

post #1 of 7
Thread Starter 
While I may bill myself as "The Mad Hunky" I am only one half Hungarian. the other is Italian. So this little story here makes me proud! Altho he COULD have went with Cousin Vinny I suppose LOL!

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.

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: "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?"
post #2 of 7
Good one Rich! lol
post #3 of 7
You the man......
post #4 of 7
Good one Rich... er Vinny.
post #5 of 7
goodun rich
post #6 of 7
good one bud
post #7 of 7
good one...lol didnt see that comeing...lol
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