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The Cowboy
> > A cowboy from Wyoming walked into a bank in New York
> > City and asked for the loan officer. > > > He told the loan officer that he was going to London 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 cowboy handed > > over the keys to a new Ferrari. > > > > The car was parked on the street in front of the bank. The man 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 cowboy from the sticks 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 Wyoming man 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 Wyoming man 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?' > > > > Don't ever underestimate a cowboy! :sun: |
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