charlie Loc: Minneapolis, Minnesota

Ole was from Minnesota. And he needed a loan.



So, he walked into a bank in New York City

and asked for a loan officer.

He told the loan officer that he was going to Oslo

for the All-Scandinavian Summer Festival

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 Ole

handed over the keys to his new Ferrari. The car

was parked on the street in front of the bank.



Ole 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. The loan papers were signed

and an employee of the bank then drove the Ferrari

into the bank's private underground garage

and parked it.



Later, the bank's president and its officers all

enjoyed a good laugh at Ole from Minnesota

for using a $250,000 Ferrari as collateral

for a $5,000 loan.



Two weeks later, Ole 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

The University of Minnesota, a highly

sophisticated investor and multimillionaire with

real estate and financial interests all over the

world. Your investments include a large number

of oil wells around Williston, ND. What puzzles

us is, why would you bother to borrow $5,000?"



Ole 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 Ole.

Keep an eye on these Minnesota boys!

Just because we talk funny does not mean

we just got off the lutefisk boat.

DOOK Loc: Maclean, Australia

:thumbup: :thumbup: :thumbup: :thumbup:

PhotoJoe Loc: WASHINGTON

That is a sexy car!! Oh and a good story.

dfran Loc: Dallas, Pa

That story/joke has been going around for 25+ years, still a good one!!

dfran Loc: Dallas, Pa

That story/joke has been going around for 25+ years, still a good one!!