I like Jest in Time II but I thought that the story of the blonde and the porche didn't really fit the selection. Firstly, it wasn't actually a joke. It wasn't funny- and I don't think it was intended to be funny. It was a tale that make a point- don't judge a person by her looks- the bank thought the woman was dumb, but in fact it was a neat piece of financial shrewdness!
For sure, it isn't TRUE . But then the story about the woman who sells her husbands porche for $1 isn't TRUE either. Thats why we call them legends!
OK, it had flaws. Do banks make such short term loans? Does the bank actually TAKE a car and look after it as collateral?
Mathematically it DOES work - $15 interest on $5000 in 2 weeks is about 7.5% a year- a pretty standard rate.
Posts: 320 | From: Ireland | Registered: May 2004
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