An Egyptian 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 Egypt on
business 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 Egyptian man hands over the keys to a new Ferrari
parked on the street in front of the bank. He 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
Egyptian for using a $250,000 Ferrari as collateral against a $5,000
loan.
An employee of the bank then drives the Ferrari into the bank's
underground garage and parks it there.
Two weeks later, the Egyptian 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 multi millionaire. What puzzles us is, why would you bother to
borrow $5,000'"
The Egyptian replies: "Where else in New York City can I park my precious car
for two weeks for only $15.41 and expect it to be there when I return'" | 
Post #13 May 2006, 08:51 
and besides he could get other "parking" spaces... just have to ask "nicely" to the mayor... 
This topic has 18 posts, spanning 2 pages.
