good business mind

eg6stanley

16 Nov 06, 17:49

IT IS NOT A STORY BUT A TRUE INCIDENT THAT HAPPENED IN AMERICA ..

An Indian 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 India 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 Indian 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 Indian 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 Indian 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 would you
bother to borrow "$5,000"

The Indian 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'"

kenn3th

16 Nov 06, 18:04

haha