So… He walked into a bank in New York City and asked for the loan Officer.
He told the loan officer that he was going to Paris for an International
redneck festival 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 Redneck handed over the keys to a new Ferrari. The
car was parked on the street in front of the bank.
The Redneck 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 Redneck from ND 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 private
underground garage and parked it.
Two weeks later, the Redneck 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 on Dunn & Bradstreet and found
that you are a Distinguished Alumni from The University of North Dakota, a
highly sophisticated investor and Multi-Millionaire with real estate and
financial interests all over the world.
Your investments include a large number of oil wells around Williston, ND.
What puzzles us is, why would you bother to borrow $5,000?”
The good ‘ole boy 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?”
His name was Ole… .