The bank officer
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. The car was parked
on the street in front of the bank. The Redneck produced the title and
everything checked out. The loan officer agreed to hold the car as
collateral for the loan and apologized for having to charge 12%
Later, the bank's president and its officers all
enjoyed a good laugh at the Redneck from the South for 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 underground garage and parked
Two weeks later, the Redneck returned, repaid the $5,000 and
the interest of $23.07. The loan officer said, "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 on Dunn & Bradstreet and found that you are a Distinguished
Alumni from Ole Miss University, a highly sophisticated investor and
Multi-Millionaire with real estate and financial interests all over the
world. Your investments include a large number of wind turbines around
What puzzles us is, why would you bother to borrow $5,000?"
The good 'ole boy replied, "Where else in New York City can I park my
car for two weeks for only $23.07 and expect it to be there when I
His name was BUBBA....
Keep an eye on those southern boys!
Just because we talk funny does not mean we are stupid.