An Iranian man walks into a bank in New York City and asks for a loan officer. He says he’s going to Europe on business for two weeks and needs to borrow $5000. The bank officer says the bank will need some kind of security for the loan, so the Iranian hands over the keys to a new Rolls Royce, which costs quarter of a million dollars.
“The car is parked on the street in front of the bank,” says the Iranian, “and I have all the necessary papers.”
The bank officer agrees to accept the car as collateral for the loan. After the Iranian leaves, the loan officer, the bank’s president and all their colleagues enjoy a good laugh at the man for using a $250,000 Rolls Royce as collateral against a $5,000 loan. One of the employees drives the Rolls into the bank’s underground garage and parks it there.
Two weeks later, the Iranian man returns, repays the $5000 and the interest which amounted to $25.41. He says: Thank you – there’s nowhere you can park for two weeks in NYC for less than $600.00.