02-25-2009, 06:28 AM
1st Four to Final Four
Join Date: Jan 2009
Location: Basketball Capital of the World
Originally Posted by MattHughesRocks
Never underestimate an Alabama Redneck.
A Redneck from Pohickey, Alabama 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 on an
international redneck festival 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 Redneck handed over
the keys to a new Ferrari. The car was parked on the street
in front of the bank. The Redneck 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 Redneck from the south 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 Redneck 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 highly
sophisticated investor and multimillionaire with real estate
and financial interests all over the world. What puzzles us
is, why would you bother to borrow $5,000?'
The good 'ole Alabama 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?'
His name was BUBBA...