Rolls Royce
 | Rolls Royce |  |
 Posted: Fri Jul 15, 2005 1:07 am |
 |
|
| petethegreek |
| instructor |
|
| |
| Joined: 04 Jun 2005 |
| Posts: 775 |
| Location: Londino, Anglia |
|
|
|
 |
|
 |
|
A man walks into a New York City bank and says he wants to borrow $2,000 for three weeks. The loan officer asks him what kind of collateral he has. The man says "I've got a Rolls Royce -- keep it until the loan is paid off -- here are the keys." The loan officer promptly has the car driven into the bank's underground parking for safe keeping, and gives the man $2,000.
Three weeks later the man comes into the bank, pays back the $2,000 loan, plus $10 interest, and regains possession of the Rolls Royce. The loan officer asks him, "Sir, if I may ask, why would a man who drives a Rolls Royce need to borrow two thousand dollars?"
The man answers, "I had to go to Europe for three weeks, and where else could I store a Rolls Royce for that long for ten dollars?" |
|
|
|
|
| Posted: Fri Jul 15, 2005 2:26 pm |
|
|
| brother |
| professor |
|
| |
| Joined: 27 Sep 2004 |
| Posts: 4711 |
| Location: Cyprus/U.K |
|
|
|
|
|
|
|
|
|
|
|
| Posted: Fri Jul 15, 2005 2:33 pm |
|
|
| Christie |
| advanced member |
|
| |
| Joined: 24 Apr 2005 |
| Posts: 153 |
| Location: Limassol |
|
|
|
|
|
|
|
Quite innovative approach to collateralized loans...  |
|
|
|
|
| Posted: Fri Jul 15, 2005 3:58 pm |
|
|
| petethegreek |
| instructor |
|
| |
| Joined: 04 Jun 2005 |
| Posts: 775 |
| Location: Londino, Anglia |
|
|
|
|
|
|
|
| Christie wrote: |
| Quite innovative approach to collateralized loans... |
And theres me thinking it was funny!
Silly me!
 |
|
|
|
|
| Posted: Fri Jul 15, 2005 4:55 pm |
|
|
| cannedmoose |
| professor |
|
| |
| Joined: 29 Feb 2004 |
| Posts: 4281 |
| Location: England |
|
|
|
|
|
|
|
|
|
|
|
|
|
