K Richards, email

A FROG walks into a bank and says he wants to take out a personal loan.

The teller, Miss Patricia Wack, asks how much he wants to borrow.

“$20,000,” the frog says.

“I see,” Miss Wack replies. “And what collateral do you have to cover this loan?”

“This,” the frog says, handing Miss Wack a small pink ceramic elephant.

“Er, I don’t think this is going to be enough,” Miss Wack says. “Do you have anything else?

“I think you’ll find it will be sufficient,” the frog says calmly.

“Well, I would have to check with the manager,” Miss Wack says, “but I really don’t think he’ll agree to it.”

“I see,” says the frog. “Well, be sure to mention my name when you ask him – it’s Kermit, Kermit Jagger. Does the name mean anything to you?”

Miss Wack frowns and replies: “I’m afraid not, Mr Jagger. But if you would like to wait here I’ll be back in a moment.”

So Patricia goes and knocks on the manager’s door. “Come in, Miss Wack,” says the manager.

“I have a frog outside called Kermit Jagger, who wants to borrow $20,000, but all he has for collateral is this,” says Miss Wack, holding up the little pink ceramic elephant. The manager takes the elephant and examines it for a few seconds, then hands it back.

“That’ll be fine,” he says.

Miss Wack is shocked. “Are you sure sir? It’s $20,000! What on earth is this thing if it can be used as collateral for a $20,000 loan?”

The manager sighs, and replies: “It’s a nick-nack, Patti Wack, give the frog a loan, his old man’s a Rolling Stone.”