A Chinese walks into a bank in New York City and asks for the loan
officer. He tells the loan officer that he is going to Taiwan 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 hands over the keys to a new Ferrari parked on
the street in front of the bank. He produces the title and everything
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
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
The Chinese replies: "Where else in New York City can I park my car for
two weeks for only $15.41 and expect it to be there when I return?"