Little Johnny was late for school.
The teacher asked him why, and Little Johnny explained it was because he met a man who had lost his wallet on the street.
“Ah,” nodded the teacher,
“you were helping him find it!”
“Um, not really,” said Johnny,
“but I had to keep standing on it until he would give up and go away.”
An elderly wealthy man walks into a bank New York City and asks for the loan officer.
He says he’s going to Europe on business for two weeks and needs to borrow $5000.
The bank officer says the bank will need some kind of security for the loan, so the elderly man hands over the keys to a new Rolls Royce, which costs quarter of a million dollars.
“The car is parked on the street in front of the bank,” says the man, “and I have all the necessary papers.”
The bank officer agrees to accept the car as collateral for the loan.
After the old man leaves, the loan officer, the bank’s president and all their colleagues enjoy a good laugh at the man for using a $250,000 Rolls Royce as collateral against a $5,000 loan.
One of the employees drives the Rolls into the bank’s underground garage and parks it there.
Two weeks later, the elderly wealthy man man returns, repays the $5000 and the interest, which comes to $15.41.
The loan officer says,
“Sir, I must tell you, we’re all a little puzzled. While you were away, we checked you out and discovered that you’re a multimillionaire. Why would you bother to borrow $5,000?”
The old man replies,
“Where else in New York City can I park my car for two weeks for only $15.41?”
