Betty walks into a bank in New York City and asks for the loan officer.
Betty explained that she’s going to Europe on business for two weeks and needs to borrow $5,000.
The bank officer requests some kind of collateral for the loan, so Betty hands over the keys to her brand new 12 million dollar Bugatti La Voiture Noire.
After everything checks out, and the bank officer agreed to accept the car as collateral for this small %5,000 loan. An garage employee of the bank then droves the car into the bank’s underground parking garage and parks it in a safe place.
Over the next two weeks, while Betty enjoys her business vacation, the bank’s president and officers enjoyed a good laugh at Betty’s expense for using such an outrageously expensive car as collateral against a $5,000 loan.
Two weeks later, Betty returns, repays the $5,000 loan with interest, which came to $25.15.
Puzzled, the loan officer asks, “Miss, we are very happy to have your business. This loan transaction has worked out very nicely, and thank you for paying it off so quickly. However we are a little puzzled.
Your credit check shows you live quite comfortably with multi-millions in the bank along with investments, so why would you bother to borrow $5,000?”
Betty replies, “Where else in New York City can I park my car safely for two weeks for only $25.15?”
Tags: Betty & Bob
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