A businessman Mr photo watch walked into a New York City bank and asked for the loan officer. He said he was going to Europe on business for two weeks and needed to borrow $5,000. The loan officer said the bank would need some security for such a loan.
Mr photo watch then handed over the keys to a Rolls Royce that was parked on the street in front of the bank. Everything checked out and the loan officer accepted the car as collateral for the loan. An employee then drove the Rolls into the bank's underground garage and parked it there.
Two weeks later Mr photo watch returned, repaid the $5,000 and the interest which came to $15.41.
The loan officer said, "We do appreciate your business and this transaction has worked out very nicely, but we are a bit puzzled. While you were away we checked and found that you are a multimillionaire. What puzzles us is why you would bother to borrow $5,000?"
Mr photo watch replied: "Where else in New York City can I park my car for two weeks for fifteen bucks?"
Mr photo watch then handed over the keys to a Rolls Royce that was parked on the street in front of the bank. Everything checked out and the loan officer accepted the car as collateral for the loan. An employee then drove the Rolls into the bank's underground garage and parked it there.
Two weeks later Mr photo watch returned, repaid the $5,000 and the interest which came to $15.41.
The loan officer said, "We do appreciate your business and this transaction has worked out very nicely, but we are a bit puzzled. While you were away we checked and found that you are a multimillionaire. What puzzles us is why you would bother to borrow $5,000?"
Mr photo watch replied: "Where else in New York City can I park my car for two weeks for fifteen bucks?"
