Just see how smart the Filipinos are..........
A FILIPINO walks into a bank in New York City
and asks for the loan officer.
He tells the loan officer that he is going to the Philippines
on business for two weeks and needs to borrow $5,000.
The bank officer tells him that the bank needs some form of security for the loan,
so the Filipino hands over the key and documents of 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 officer all enjoy a good laugh
at the Filipino 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 Filipino 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 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 Filipino replies:
"Where else in new York city can I park my car for two weeks for only $15.41
and expect to be there when I return?"
Ah, the mind of the FILIPINO...
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