A Cajun man from Louisiana walked into a bank in New York City
and asked for the loan officer.
He told the loan officer that he was going to London 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 Louisiana man handed over the keys to
a new Ferrari.
The car was parked on the street in front of the bank. The man
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 Cajun 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
underground garage and parked it.
Two weeks later, the Louisiana man 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 multimillionaire. What puzzles us is, why would you bother to
The Louisiana man 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 return?'
Don't ever underestimate a Cajun!
DId YOU Hear About the Morgans?