The Wit and Class of a Filipino

A Filipino walks into a bank in New York City and asks for the loan
officer. He tells the loan officer that he is going to the Philippines
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 Filipino hands over the keys of a new Ferrari. The
car is parked on the street in front of the bank. The Filipino
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 Pinoy 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 Pinoy 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 multimillionaire. What puzzles us is, why would you
bother to borrow $5,000?"

The Pinoy 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?"