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  3. If I owe you a million dollars, I have a problem But if I owe you a billion dollars, you have a problem

If I owe you a million dollars, I have a problem But if I owe you a billion dollars, you have a problem

If I owe you a million dollars, I have a problem But if I owe you a billion dollars, you have a problem

  • This is one of the oldest jokes in banking
  • The billion $ problem is that the lendor has to figure out how to collect - this can be challenging
  • The impact of a billion $ loss on the lendor would also be big

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