An Indian man walks into the New York City bank and asks for the loan officer.
He tells the Loan Officer that he was going to India for some business for 2 weeks and needs to borrow $5,000. The Loan Officer tells him that the bank will need some form of security for the loan.
So the Indian man hands over the keys and the documents of the new Ferrari car parked on the street in front of the bank. The loan officer consults the president of the bank, produces all the required items and everything check out to be OK.
The loan officer agrees to accept the Ferrari car as a security for the loan. The bank president and the Loan Officer had a good laugh at the Indian for keeping a $750,000 Ferrari as a security and taking only $5,000 has a loan.
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An Indian man walks into the New York City bank…
Posted by Ben Simkin on Sunday, February 28, 2016
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