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Day: July 17, 2025

Law #21 – Stupid Is as Stupid Does, or the Law of Forrest Gump

July 17, 2025

On a Friday morning in New York City, a woman entered a bank and asked for the loan officer, explaining that she needed some cash and wanted to use her $500,000 Rolls Royce, parked right outside, as collateral.  She ultimately borrowed $5,000 for two years, at an annual interest rate of 10-percent, and handed the …

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