Goes Back, b'y   Newfie gets a Loan

Author: Radars

A Newfie walked into a bank in Toronto and asked for the loans officer. He told the loans officer that he was going to Newfoundland on business for two weeks and needed to borrow $5,000 however he was not a depositor of the bank.

The loans officer told him that the bank would need security for the loan, so the Newfie handed over the keys to a new Ferrari. The car was parked on the street in front of the bank.

The Newfie produced the title for the car and everything checked out. The loans officer agreed to hold the car as collateral, issued the loan, and apologized for having to charge 12% interest.

An employee of the bank then drove the Ferrari into the bank's underground garage and parked it.

Later, the bank's president and its officers enjoyed a good laugh about a Newfie using a $250,000 Ferrari as collateral for a $5,000 loan.

Two weeks later, the Newfie returned to the bank, repaid the loan in full, including interest of $23.07.

The loan officer said, "Sir, we are very happy to have had your business, and this transaction worked out very nicely, but we are a little puzzled. While you were away, we checked you out and found that you are a multimillionaire. What puzzles us is, why did you borrow $5,000?"

The Newfie replied: "Where else in Toronto can you park a Ferrari for two weeks, for less than 25 bucks, and expect it to be there when you get back?"

Ah, Newfies...

Cod Fish, Tongues, Salt Beef & Cabbage, and Jockey Club Beer are good for the brain.


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