A Cavan man walked into a bank in Dublin and asked for the loan officer. He told the loan officer he was going to Italy on business for two weeks and needed to borrow €5,000. But that he was not a depositor of the bank.

The bank's loan officer told him the bank would need some form of security for the loan, so the Cavan man handed over the keys to a brand new red Ferrari. The car was parked on the street in front of the bank. The Cavan man produced the title and everything checked out. The loan officer agreed to hold the car as collateral for the loan and apologized for having to charge him 12% interest.

Later, the bank's president and its officers all enjoyed a good laugh at the Cavan man for using a €250,000 Ferrari as collateral for a €5,000 loan. An employee of the bank then drove his Ferrari into the bank's underground garage and parked it.

Two weeks later, the Cavan man returned, repaid the €5,000 and the interest of €23.07.

The loan officer said, 'Sir, 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 did a background check and found that you are a multimillionaire. What puzzles us is, why would you bother to borrow €5,000?'

The Cavan man replied, 'Where else in Dublin can I park my car for two weeks for only €23.07 and expect it to be there when I return?'

Great.

stuart