He's not stupid, he's my broker...
Corbett | June 28, 2005 10:02 PM
Q) So when does $80 million dollars equal $8 billion dollars?
A) When you are a moron stock dealer at Fubon Securities, and there are no efficient checks in place to monitor your stupidity, and when there is so much money floating around that mistakes like this can actually happen.
"Fubon dealers made the mistake by injecting NT$7.7 billion from one of their international clients into the market to purchase various stocks issued by 282 companies at the highest prices of the day....
...Sources said that the dealer mistook the client's instruction to place an NT$80 million order for NT$8 billion. Many Chinese-speaking people tend to mix the terms of "million" and "billion."
Amazing.
BTW, in Mandarin, "80 million" is pronounced "ba chien wan" while "8 billion" is pronounced "ba shi yi". Do those sound similar at all?
Category: Mr. Asia
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jeroen
July 13, 2005 11:53 PM
Easy there pal. Don't work there anymore but still feel their pain. Enjoy the US dude.