"Collateral…" joke
An old Native American wanted a loan for $500. He approached his local banker. The banker pulled out the loan application, asking, “What are you going to do with the money? ” “Take jewelry to city and sell it, ” said the old man. “What have you got for collateral? ” queried the banker, going strictly by the book. “Don’t know of collateral. ” “Well that’s something of value that would cover the cost of the loan. Have you got any vehicles? ” “Yes, I have a 1949 Chevy pickup. ” The banker shook his head, “How about livestock? ” “Yes, I have a horse. ” “How old is it? ” “I don’t know; it has no teeth. ” 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’s the money to pay loan, ” he said, handing the entire amount including interest. “What are you going to do with the rest of that money? ” “Put it in my pocket. ” “Why don’t you deposit it in my bank? ” he asked. “I don’t know of deposit. ” “Well, you put the money in our bank and we take care of it for you. When you want to use it you can withdraw it. ” The old Indian leaned across the desk, looking suspiciously at the banker, and asked, “What you got for collateral? ”
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