Monday, December 12, 2005

Incredible

Here's the story on the BBC website. I was particularly interested by this sentence:

"The error has cost Mizuho 27bn yen so far, just below its entire 28.1bn yen profit for the financial year to March 2005"

One guy swaps two numbers around and costs his company about US$250 million. On the plus side, some private investors made a lot of money from his mistake.

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