The Typo that Nearly Crashed the Economy

#Money

Mon, May 17th, 2010 09:19 by capnasty NEWS

Initially, suspicions on last week's market centred on the "fat-finger theory." What this meant was that a trader with a symbolically fat finger had purportedly entered a computer-ordered sale of billions of shares of stocks; the theory was that when he had meant to type in "million," he instead typed in "billion". If this was so, it would have been the typographical error of all time: the Babe Ruth/Muhammad Ali/Frank Sinatra of typos. If one keystroke could put the world's economy on the brink of collapse, this would mean that a typo could be as powerful as an atomic bomb.

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