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The Wit and Class of a Filipino

A Filipino walks into a bank in New York City and asks
for the loan officer. He tells the loan officer that he is going
to the Philippines on business for two weeks and needs to borrow
$5,000.

The bank officer tells him that the bank will need some form of
security for the loan, so the Filipino hands over the keys of
a new Ferrari. The car is parked on the street in front of the bank.
The Filipino produces the title and everything checks out.

The loan officer agrees to accept the car as collateral for the loan.
The bank's president and its officers all enjoy a good laugh at the
Pinoy for using a $250,000 Ferrari as collateral against a
$5,000 loan. An employee of the bank then drives the Ferrari
into the bank's underground garage and parks it there.

Two weeks later, the Pinoy returns, repays the $5,000 and the
interest, which comes to $15.41. The loan officer says, "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
multimillionaire. What puzzles us is, why would you bother to
borrow $5,000?"

The Pinoy replies: "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?"


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Posted: 2007-02-12 23:09:53
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