re: #223 Nerdy Fish

I get that billionaires with lots of diversified assets would be difficult for a bank to assess for risk, but I don’t think it would be impossible. They’d just have to invest in staff to actually do the job.

The way the bank knows what my apartment is worth, is they sent an appraiser to look at it. The appraiser then compared my apartment to similar apartments of the same size in the same neighborhood. Voilá. They come up with a number.

When they wanted to know what my income is, they asked to see a copy of my 1040. Again, voilá.

It’s really not that difficult.

If you want to know how much Jeff Bezos is worth, ask how many shares he owns in each of his companies. What’s it trading at this week? Plus his homes, his yacht, his newspaper, his spaceship. Voilá again. I’m very proud I remembered how to put the accent over the a in voila.