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$500 Loan
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<blockquote data-quote="netlife007" data-source="post: 20928939" data-attributes="member: 79514"><p><span style="font-size: 15px"><strong>An old Native American wanted a loan for $500. </strong></span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">The banker pulled out the loan application. </span></p><p><span style="font-size: 15px">"What are you going to do with the money?" he asks the Indian.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Buy Silver, make jewelry, and sell it," was the response.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"What have you got for collateral?"</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Don't know collateral," replied the Indian</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Well that's something of value that would cover the cost of the loan. </span></p><p><span style="font-size: 15px">"Have you got any vehicles?"</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Yes. 1949 Chevy pickup," replied the Indian</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">The banker shook his head, "How about livestock?"</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Yes, I have a horse," replied the Indian</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"How old is it?" the banker asks.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Don't know, has no teeth," replies the Indian</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">Finally the banker decided to make the $500 loan.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">Several weeks later the old man was back in the bank. </span></p><p><span style="font-size: 15px">He pulled out a roll of bills, "Here to pay." he said. </span></p><p><span style="font-size: 15px">He then handed the banker the money to pay his loan off.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"What are you going to do with the rest of that money?" the banker asks.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Put in hogan", replied the Indian</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Why don't you deposit it in my bank," the banker asked.</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"Don't know deposit," replied the Indian</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"You put the money in our bank and we take care of it for you. </span></p><p><span style="font-size: 15px">Whenever you want to use it, you can withdraw it." </span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">The old Indian leaned across the desk and asks the banker... </span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px">"What you got for collateral?</span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px"></span></p><p><span style="font-size: 15px"></span></p></blockquote><p></p>
[QUOTE="netlife007, post: 20928939, member: 79514"] [SIZE=4][B]An old Native American wanted a loan for $500. [/B] 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. Whenever you want to use it, you can withdraw it." The old Indian leaned across the desk and asks the banker... "What you got for collateral? [/SIZE] [/QUOTE]
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