West Virginia Redneck....
Never underestimate a West Virginia Redneck....
A Redneck from West Virginia 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 West Virginia 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?'