Never Laugh at Chinese

A Chinese man walks into a bank in New York City and asks for the loan

officer. He tells the loan officer that he is going to China 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 Chinese man hands over the keys to a new Ferrari parked on

the street in front of the bank. He 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 Chinese

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 Chinese 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 multi-millionaire. What puzzles us is why you would bother

to borrow $5,000? The Chinese 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 safely

when I return.'