The Italian Loan

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An Italian walked into a bank in New York City and asked for the loan officer. He told the loan officer that he was going to Italy on business for two weeks and needed to borrow $5,000 and that he was not a depositor of the bank.

The bank officer told him that the bank would need some form of security for the loan, so the Italian handed over the keys to a new Ferrari. The car was parked on the street in front of the bank. The Italian 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% interest.

Later, the bank’s president and its officers all enjoyed a good laugh at the Italian 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 underground garage and parked it.

Two weeks later, the Italian 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 and found that you are a multi-millionaire. What puzzles us is, why would you bother to borrow $5,000?”

The Italian replied: “Minga, 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 return?”

…….. Ah, the Italians… Bada Bing

Thanks to Telly for this one! 

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About turtlemom3

Early 70’s Orthodox Christian, wife, mother, grandmother, nurse with PhD, disabled. Have wonderful service dog - Warrior! Married to the Ol’ Curmudgeon - and I’m pretty doggone happy about that! Interests: Orthodox Christianity; reading; service dogs; computers, woodworking Greatest Life Experiences: Converting to Orthodoxy, Caving in Idaho, Attending Russian Orthodox Choir Conference (Oh! that music!). Favorite Things Back in High School: Reading; classical music - nerdy things. Favorite Things Back in College: Reading; classical music - nerdy things Favorite Things to do Now: Reading; classical music, computer stuff, surfing the internet - nerdy things - no real change! Favorite TV Programs: Anything about Sci-fi or forensics - or both? Favorite Movies: The Chosen; Ostrov; 84 Charing Cross Rd; Air Force One; Becket; Indiana Jones; Star Wars; Favorite Music: Russian Orthodox (Christian) chant; Bach; Mozart's Magic Flute Favorite Quote: The body is a slave, the soul a sovereign, and therefore it is due to Divine mercy when the body is worn out by illness: for thereby the passions are weakened, and a man comes to himself; indeed, bodily illness itself is sometimes caused by the passions.”~*~ St. Seraphim of Sarov, Spiritual Instructions Favorite Authors: Robert Heinlein; Mercedes Lackey; Anne MacCaffrey, Fr. Steven Ritter, Sarah Elizabeth Cowrie, St. Nikolai Velimirovic - among many others

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