Redneck Bank Loan

Discussion in 'Games, Jokes, and Fun!' started by WriterofWords, Feb 26, 2009.

  1. WriterofWords

    WriterofWords Has Fainting Chickens

    13,212
    26
    313
    Dec 25, 2007
    Chaparral, New Mexico
    Redneck Bank Loan


    A Redneck from North Carolina walked into a bank in New York City and asked for the loan officer. He told the loan officer that he was going to Bakersfield 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 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 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 Redneck 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 private underground garage and parked it.

    Two weeks later, the Redneck 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 borrow $5,000?'

    The good 'ole Tar Heel boy 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?'

    His name was BUBBA..


    --
     
  2. Schultz

    Schultz CluckN'Crow Farm

    3,837
    13
    221
    Aug 5, 2008
    Indianapolis
    [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG]
     
  3. bigzio

    bigzio Overrun With Chickens

    4,650
    134
    291
    Jan 20, 2007
    Wisconsin
    [​IMG]

    ~ bigzio
     
  4. Run-A-Muck Ranch

    Run-A-Muck Ranch Chillin' With My Peeps

    [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG]
     
  5. Forest

    Forest Out Of The Brooder

    41
    0
    22
    Feb 15, 2009
    Is 12% of $5,000 really only $23.07 ????
    Did i miss something?
    I thought it would be $600...
     
  6. WriterofWords

    WriterofWords Has Fainting Chickens

    13,212
    26
    313
    Dec 25, 2007
    Chaparral, New Mexico
    Quote:I didn't write it,,, just copied and pasted. Also maybe that would be compounded interest? I'm not a banker lol!

    Ok,, this is what I figured,,,: 12% of 5000 is 600 divided by 12 months is $50, he only had it there for 2 weeks so that would be about $25, so it's only off by $1.97.
     
    Last edited: Feb 28, 2009
  7. grundail01

    grundail01 Chillin' With My Peeps

    272
    1
    129
    Jan 11, 2009
    Dustin Acres
    lol I just love all the Bakersfield Jokes out there lol.
     
  8. Forest

    Forest Out Of The Brooder

    41
    0
    22
    Feb 15, 2009
    The real question is what color was the car?

    [​IMG] [​IMG] [​IMG]
     
  9. Buck Creek Chickens

    Buck Creek Chickens Have Incubator, Will Hatch

    4,376
    12
    231
    Nov 26, 2008
    Neenah, WI
    [​IMG] [​IMG] [​IMG] [​IMG] [​IMG] [​IMG]
     
  10. n-da-woods

    n-da-woods Chillin' With My Peeps

    Jan 18, 2009
    North Carolina
    [​IMG]
     

BackYard Chickens is proudly sponsored by