Here's one about the old native American who
wanted a loan for $500. The banker pulled out
the loan application, "What are you going to
do with the money?"

"Take jewelery to city and sell it," was the

"What have you got for collateral?"

"Don't know collateral."

"Well that's something of value that would
cover the cost of the loan. Have you got any

"Yes, 1949 Chevy pickup."

The banker shook his head, "How about

"Yes, I have a horse."

"How old is it?"

"Don't know, 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 to pay." he said. He then handed the
banker the money to pay his loan off.

"What are you going to do with the rest of that

"Put in tepee."

"Why don't you deposit it in my bank," he asked.

"Don't know deposit."

"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, "What you
got for collateral?"


One thought on “Collateral

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