Another view of banks... - Mercedes-Benz Forum

 
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post #1 of 2 (permalink) Old 03-31-2009, 11:00 AM Thread Starter
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Another view of banks...

The old Native American wanted a loan for $500. The banker pulled out the
loan application, "What are you going to do with the money?" he asks the
Indian.

"Buy Silver, make jewelry, and sell it," was the response.

"What have you got for collateral?"

"Don't know collateral", replied the Indian.

"Well that's something of value that would cover the cost of the loan. "Have you got any vehicles?"

"Yes. 1949 Chevy pickup", replied the Indian

The banker shook his head, "How about livestock?"

"Yes, I have a horse", replied the Indian

"How old is it?" the banker asks.

"Don't know, has no teeth.", replies the Indian

Finally the banker decided to make the $500 loan.

Several weeks later the old man was back in the bank. He pulled out a roll of bills, "Here to pay," he said. He then handed the banker the money to pay his loan off.

"What are you going to do with the rest of that money?" the banker asks.

"Put in hogan", replied the Indian.

"Why don't you deposit it in my bank," the banker asked.

"Don't know deposit", replied the Indian.

"You put the money in our bank and we take care of it for you. When you
want to use it you can then withdraw it."

The old Indian leaned across the desk and asks the banker, "What you got
for collateral?"
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post #2 of 2 (permalink) Old 03-31-2009, 09:02 PM
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Originally Posted by gregs210 View Post
The old Native American wanted a loan for $500. The banker pulled out the
loan application, "What are you going to do with the money?" he asks the
Indian.

"Buy Silver, make jewelry, and sell it," was the response.

"What have you got for collateral?"

"Don't know collateral", replied the Indian.

"Well that's something of value that would cover the cost of the loan. "Have you got any vehicles?"

"Yes. 1949 Chevy pickup", replied the Indian

The banker shook his head, "How about livestock?"

"Yes, I have a horse", replied the Indian

"How old is it?" the banker asks.

"Don't know, has no teeth.", replies the Indian

Finally the banker decided to make the $500 loan.

Several weeks later the old man was back in the bank. He pulled out a roll of bills, "Here to pay," he said. He then handed the banker the money to pay his loan off.

"What are you going to do with the rest of that money?" the banker asks.

"Put in hogan", replied the Indian.

"Why don't you deposit it in my bank," the banker asked.

"Don't know deposit", replied the Indian.

"You put the money in our bank and we take care of it for you. When you
want to use it you can then withdraw it."

The old Indian leaned across the desk and asks the banker, "What you got
for collateral?"

Call me crazy, but isn't this the person who sold at auction trough Christie's a 1949 Chevrolet pickup reconditioned to museum quality for $450,000.00?
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