An Singaporean man walks into a bank in New York City and asks for the loan officer. He tells the loan officer that he is going to Singapore on business for two weeks and needs to borrow $5,000.
The bank officer tells him that the bank will need some form of security for the loan, so the Singaporean man hands over the keys to a new Ferrari parked on the street in front of the bank. He produces the title and everything checks out. The loan officer agrees to accept the car as collateral for the loan.
The bank's president and its officers all enjoy a good laugh at the Singaporean for using a $250,000 Ferrari as collateral against a $5,000 loan. An employee of the bank then drives the Ferrari into the bank's underground garage and parks it there.
Two weeks later, the Singaporean returns, repays the $5,000 and the interest, which comes to $15.41.The loan officer 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 multi millionaire. What puzzles us is, why would you bother to borrow "$5,000".
The Singaporean replies: "Where else in New York City can I park my car for two weeks for only $15.41 and expect it to be there when I return".
Ah, the mind of the Singaporean...
saw the same joke here before, but that time it's "China man" instead of "Singaporean".
this is call smart exploitation
Remember the carpark that pple use to get around the ERP because it has 2 entrances/exits (1 outside and 1 inside CBD)? =D
