Craig in Alabama
New member
A Redneck from Alabama walked into a bank in New York City and asked for the loan officer.
He told the loan officer that he was going to Paris for an international pallet show 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 on Dunn
& Bradstreet and found that you are a Distinguished Alumni from Auburn, a highly sophisticated investor and Multi-Millionaire with lumber and financial interests all over
the world. Your investments include a large pallet mill around Birmingham Alabama
What puzzles us is, why would you bother to borrow $5,000?
The good 'ole Alabama 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
He told the loan officer that he was going to Paris for an international pallet show 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 on Dunn
& Bradstreet and found that you are a Distinguished Alumni from Auburn, a highly sophisticated investor and Multi-Millionaire with lumber and financial interests all over
the world. Your investments include a large pallet mill around Birmingham Alabama
What puzzles us is, why would you bother to borrow $5,000?
The good 'ole Alabama 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