|
Texas Cowboy Bank Loan....Never underestimate a Texas Cowboy.
A cowboy from Sweetwater, Texas walked into a bank in New
York City and asked for the loan officer. He told the loan officer
that he was going to Paris for an International Festival and
would be gone for two weeks. He needed to borrow $5,000, but he was not a depositor in that 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. He
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 Texas 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, the Cowboy 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 Dun & Bradstreet and found that you are a highly successful investor and
multimillionaire with real estate and financial interests all over the
world. Your investments include a large number of wind turbines
around Sweetwater , Texas . What puzzles us is, why would you bother
to borrow $5,000?"
The good ol' Texas 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 here when I return?"
His name was BUBBA...
|