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Subject: Indian man & his Ferrari
A true incident
An Indian man walked into a bank inNew York City one day and asked for the loan
officer.
He told the loan officer that he was going to India on business for two weeks
and needed to borrow $5,000. The bank officer told him that the bank would need
some form of security for the loan. The Indian man handed over the keys to a
new Ferrari parked on the street in front of the bank. He produced the title
and everything checked out.
The loan officer agreed to accept the car as collateral for the loan.
The bank's president and its officers all enjoyed 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 drove the
Ferrari into the bank's underground garage and parked it there.
Two weeks later, the Indian returned, repaid the $5,000 and the interest,
which came to $15.41.
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 multi millionaire. What puzzles us is, why would you
bother to borrow "$5,000"
The Indian replied: "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'"
Ah, the brain of the Indian... This is why India is shining !!!!!
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