Jump to content

scottish economics


Recommended Posts

A Scotsman walks into the Bank of England in Central London and tells


the manager that he is going to Australia on business for two weeks and


needs to borrow £5,000.




The manager tells him that the bank will need some form of security for


the loan, so Hamish hands over the keys and documents of a new Ferrari


parked on the street in front of the bank. He produces the log book and


everything checks out. The manager agrees to accept the car as


collateral for the loan.




The bank's General Manager and its officers all enjoy a good laugh at


the rough looking Scotsman for using a £120,000 Ferrari as collateral


against a £5000 loan. An employee of the bank then drives the Ferrari


into the bank's underground garage and parks it there.




Two weeks later, Hamish returns, repays the £5,000 and the interest,


which comes to £15.41. The manager says "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 checked you out and


found that you are a multimillionaire. What puzzles us is why would you


bother to borrow £5,000?"




Hamish replies "Where else in London can I park my car for two weeks for


only £15.41 and expect it to be there when I return?"




Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...