Especially for the purveyors of the war of Northern aggression His name was Bubba, he was from Mississippi..... and he needed a loan, >>> so.......he 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 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 Distinguished Alumni from Ole Miss >>> University, a highly sophisticated investor and Multi-Millionaire 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 'ole 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.... >>> (Keep An Eye On Those Southern Boys) ($5,000 x 12% = $600 divided by 365 = 1.6438356 x 14 = $23.01) Charlie recalculates.
The only problem with that strategy is that Bubba never saw "Ferris Bueller's Day Off". I'm sure the boys in the bank's garage had their share of fun before he got back! Devon
