His name was Bubba, he was from Texas...And he needed a loan, so he walked into a bank in New York City and asked for the loan officer.
He told the loan officer he was going to Paris for a international redneck festival for two weeks and needed to borrow $5,000, and he was not a depositor of the bank.
The bank officer told him they would need some kind do security for the loan,
So the Redneck handed over the keys to. A new Ferrari. The car was parked on the street in front of the bank.
The Redneck produced the title and everything checked out. The loan agreed to hold the car for the collateral and apologized for having to charge 12 per cent interest.
Later the bank's president and officers had a good laugh at the Redneck from Texas for using a $250,000 dollar Ferrari. For a $5,000 loan, a employee later drove the car to the bank's private underground parking garage and parked it.
Two weeks later, the Redneck returned, repaid the $5,000 loan and $23.07 interest. The loan officer said sir, we are very happy to have your business, but we are puzzled.
While you were away we checked Dunn and Bradstreet and found out you were a distinguished alumni from Texas A&M and a highly sophisticated investor and multi-millionaire with real estate and financial interests all over the world. Your investments include a large number of wind turbines at Sweetwater, Texas. What puzzles us, is why would you borrow $5,000?
The good ole boy replies, where else in New York City can I park my car for $23.07 for two weeks and expect it to be there when I return.
His name was BUBBA......Keep a eye on those Texas boys!
Just because we talk funny don't mean we are stupid!!!