Smart Blonde

[Dot]

A blonde walks into a bank in central New York City and asks for the loan officer. She says she's going to Europe on business for two weeks and needs to borrow $5,000.
The bank officer says the bank will need some kind of security for the loan, so the blonde hands over the keys to a new Rolls Royce. The car is parked on the street in front of the bank; she has the title and everything checks out.
The bank agrees to accept the car as collateral for the loan. The bank's president and its officers all enjoy a good laugh at the blonde for using a $250,000 Rolls as collateral against a $5,000 loan. An employee of the bank then proceeds to drive the Rolls into the bank's underground garage and parks it there.
Two weeks later, the blonde returns, repays the $5,000 and the interest which comes to $15.41. The loan officer says, "Miss, 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 blonde replies, "Where else in central New York City can I park my Rolls for two weeks for only $15.41 and expect it to be there when I return?"

[T1 Terry]

On what planet wouldn't the bank add fees for storage and security of the asset that secured the loan? With compounding interest, loan establishment fees and mthly loan account administration fees, the $5,000 loan would have cost a lot more than $15.41 in charges ..... then there is the fee for discharging an asset, that cost us a few hundred dollars when we wanted to finalise the home loan, even though it had been paid in full and was even in credit for over 5 yrs .....
Banks don't make mega profits by being nice people, there is even provision for a fee to be placed upon a depositors account for meeting with the branch manager and they apply it when you go in there and tell them where to stick their bank and demand any funds remaining to be available in cash at the front counter within 24 hrs. They also deduct a fee for closing each account, generally adding up to well over the $500 mark if you have the $$ to cover it .... been there and know their tricks inside and out.

T1 Terry