Mind of Gujarati - Gujarati and Ferrari
A Gujarati 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 Gujju hands over the keys to a new Ferrari parked in 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 Gujju for using 250,000 Ferrari as collateral against a $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 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 Gujju 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?”
Moral of the story, don't make fun of Gujarati, they are smart enough, that they know what they are doing? ;). leave comment if you like this post.