The Redneck Loan

D

DJ

Guest
The Redneck Loan

An Redneck from 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
Bakersfield on business 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 t he Ferrari into
the bank's 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 and
found that you are a multimillionaire. What puzzles us is, why would
you bother to borrow $5,000?'

The Alabama Redneck 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?'

Ah, the Old Stupid Alabama Rednecks and his name was BUBBA!
 

Bob_VT

Moderator & Unofficial iBoats Historian
Staff member
Joined
May 19, 2001
Messages
26,120
Re: The Redneck Loan

:d :d :d :d
 

JMRuth72

Petty Officer 2nd Class
Joined
Aug 27, 2007
Messages
125
Re: The Redneck Loan

Now that is hysterical and brilliant. I love it. :) :) :)
 

JB

Honorary Moderator Emeritus
Joined
Mar 25, 2001
Messages
45,907
Re: The Redneck Loan

Bubba didn't get to be a bazillionaire because he was stupid. :)
 
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