A Chinese 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 China 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 Chinese 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 Chinese 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 Chinese 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
you were away, we checked you out and found that you are a
What puzzles us is, why would you bother to borrow $5,000?"
The Chinese replies: "Where else in New York City can I park my
car for 2 weeks for only $15.41 and expect it to be there when I return???"