A wise money management lesson but little cheesy for a Ferrari owner. Neverthless a good one!Thanks Sujil
Date: Thu, 22 Jan 2009 21:52:11 -0800From: [email protected]: How Indian mind worksTo: [email protected] Sorry for for the previous one, i was typing and it was sent without the subject!!OOPS! SO SORRY once again........... NOT A STORY BUT A TRUE INCIDENT An Indian man walks into a bank in New York City and asks for the loan officer. He tells the loan officer that he is going to India 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 Indian man hands over the keys 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 officers all enjoy a good laugh at the Indian 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 Indian 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 "$5,000" ? The Indian 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'" Ah, the mind of the Indian... This is why India is shining!! kiran_________________________________________________________________ Windows Live™ Hotmail®…more than just e-mail. http://windowslive.com/howitworks?ocid=TXT_TAGLM_WL_t2_hm_justgotbetter_howitworks_012009 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "VaniV88-89" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/VaniV88-89?hl=en -~----------~----~----~----~------~----~------~--~---
