Jamaican loan
#1
Jamaican loan
>A young Jamaican 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 Jamaica on a vacation
>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 Jamaican man hands
>over the keys to a new BMW 740i. The car is parked on the street in front of
>the bank. The Jamaican 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 Jamaican
>for using a $80,000 BMW as collateral against a $5,000 loan. An employee of
>the bank then drives the BMW into the bank's underground garage and parks it
>there. Two weeks later, the Jamaican man 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 successful
>business man. What puzzles us is, why would you bother to borrow $5,000?" The
>Jamaican 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 when I return?"
>
>
>
>The bank employees watch as he pulls out of the garage, windows down and
>sunroof open. The music was blasting from his car as he pulled away, "We run
>things, things no run we, everything we do, it done properly."
>officer. He tells the loan officer that he is going to Jamaica on a vacation
>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 Jamaican man hands
>over the keys to a new BMW 740i. The car is parked on the street in front of
>the bank. The Jamaican 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 Jamaican
>for using a $80,000 BMW as collateral against a $5,000 loan. An employee of
>the bank then drives the BMW into the bank's underground garage and parks it
>there. Two weeks later, the Jamaican man 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 successful
>business man. What puzzles us is, why would you bother to borrow $5,000?" The
>Jamaican 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 when I return?"
>
>
>
>The bank employees watch as he pulls out of the garage, windows down and
>sunroof open. The music was blasting from his car as he pulled away, "We run
>things, things no run we, everything we do, it done properly."
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