Fat-fingering a $12 million loss

July 1, 2005

A stock trader for Fubon Securities in Taiwan accidentally bought $251 million in shares, resulting in a paper loss of $12 million for her employer -- or, that should be, ex-employer.

She was supposed to be keying in a small order from Merrill Lynch but, you know, didn't. She was, it has been explained, unfamiliar with new computer systems.

She is now employed by the Bush administration figuring out how to make Social Security work.

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