He was from Texas & he wanted a loan, so he walked into a bank in New York City and asked for the senior loan officer. He told the loan officer that he was going to Paris for an international Redneck Festival... more
He was from Texas & he wanted a loan, so he walked into a bank in New York City and asked for the senior loan officer. He told the loan officer that he was going to Paris for an international Redneck Festival for two weeks, he wanted to borrow $5,000 and that he was not a depositor of their bank.
The bank officer, tongue in cheek, 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, which was parked on the street in front of the bank.
The redneck produced a clar title & everything checked out. The loan officer agreed to hold the car as collateral for the loan and apologized for having to charge Bubba 12% interest.
Later, the bank's president and its officers all enjoyed a good laugh at the stupid redneck 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 private... less
