Collateral Required (joke)

kenimpzoom

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Jul 13, 2002
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Long ago there was once an old native American who wanted a<br />loan for $500. The banker pulled out the loan application,<br />"What are you going to do with the money?"<br /><br />"Take jewellery to city and sell it," was the response.<br /><br />"What have you got for collateral?"<br /><br />"Don't know collateral."<br /><br />"Well that's something of value that would cover the cost of<br />the loan.Have you got any vehicles?"<br /><br />"Yes, 1949 Chevy pickup."<br /><br />The banker shook his head, "How about livestock?"<br /><br />"Yes, I have a horse."<br /><br />"How old is it?"<br /><br />"Don't know, has no teeth."<br /><br />Finally the banker decided to make the $500 loan. Several<br />weeks later the old man was back in the bank. He pulled out<br />a roll of bills, "Here to pay." he said. He then handed the<br />banker the money to pay his loan off.<br /><br />"What are you going to do with the rest of that money?"<br /><br />"Put in tepee."<br /><br />"Why don't you deposit it in my bank," he asked.<br /><br />"Don't know deposit."<br /><br />"You put the money in our bank and we take care of it for<br />you. When you want to use it you can withdraw it."<br /><br />The old Indian leaned across the desk, "What you got for<br />collateral?"
 
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