Grif.Net

05/02/13 Grif.Net – Ole Needs a Loan

05/02/13 Grif.Net – Ole Needs a Loan

His name was Ole, he was from “Visconson”, and he wanted a loan. So, he
walked into a bank in New York City and asked for the loan officer.

He told the loan officer that he was taking Lena to Paris for their second
honeymoon 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 Ole handed over the keys to a new Ferrari. The car was
parked on the street in front of the bank.

Ole 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
backwoods sounding good ole boy from “Visconson” 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, Ole 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 Wisconsin, a highly
sophisticated investor and multi-millionaire with real estate and financial
interests all over the world.

What puzzles us is, why would you bother to borrow $5,000?”

The good ‘ol 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?”

[WGV from rural Wisconsin forwarded this story with the admonition, “Keep an
eye on “Visconson” folks. Just because we talk funny doesn’t mean we’re
stupid.”]

~~
Dr Bob Griffin
bob@grif.net www.grif.net
“Jesus Knows Me, This I Love!”