[ilovemydogs]

Originally Posted by Enigma

A Texan walks into a bank in New York City and asks for the loan officer.
He tells the loan officer that he is going to Italy 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 Texan hands
over the keys to a new Ferrari.

The car is parked on the street in front of the bank. The Texan 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 Texan
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 Texan 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 yo ur 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 would you bother to borrow $5,000?"

The Texan 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 when I return?"

And folks say Texans are dumb.

VERY good!
ILMD