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The Newfie and the bank loan.... a chuckle.

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Old 04-15-2008, 12:18 PM   #1
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Default The Newfie and the bank loan.... a chuckle.

THE NEWFIE & THE BANK LOAN



A Newfie walked into a bank in Toronto and asked for the Loans Officer. He told the loans officer that he was going to Newfoundland on business for two weeks and needed to borrow $5,000.: however, 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 Newfie handed over the keys to a new Ferrari.

The car was parked on the street in front of the bank. The newfie 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 Newfie 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 underground garage and parked it.

Two weeks later, the Newfie 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 and found that you are a multimillionaire.

What puzzles us is, why would you bother to borrow $5,000?"

The Newfie replied: "Where else in Toronto can I park my car for two weeks for only $23.07 and expect it to be there when I return?"

Ah, Newfies.....See!

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Old 04-15-2008, 12:37 PM   #2
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LOL.... Newfie to ME is a kind of DOG!
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Old 04-15-2008, 01:55 PM   #3
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Very cute. lol Newfie is a dog to me too. The best dog in the world. Can you tell we have one?
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Old 04-15-2008, 01:59 PM   #4
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Quote:
Originally Posted by ahill1979 View Post
Very cute. lol Newfie is a dog to me too. The best dog in the world. Can you tell we have one?

I have a 3/4 newf... he's a newfandstuff...
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Old 04-16-2008, 08:50 AM   #5
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CUTE!!!!!! LOL my DH liked it to!
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Old 04-16-2008, 10:40 AM   #6
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As another Atlantic Canadian . . . I completely understand . . . and I completely the story, too . . .
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Old 04-16-2008, 12:09 PM   #7
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Ahhh, love those Newfies! I had a boss once who was a Toronto native that went to school in Newfoundland, where he was a "comefromaway" I loved hearing his stories! I also loved reading The Shipping News.
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Old 04-16-2008, 08:00 PM   #8
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LOL that was cute I liked it!!
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