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Academic

: The Faculty Lounge

Just About Every American Has A Credit Card . . . And Some Of Them Owe $23 Quadrillion

By Kim Krawiec

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Via Freakonomics, and following up on Mark's credit card post from yesterday:

An unidentified computer glitch has led Visa to overcharge several of its cardholders for routine purchases at drug stores, gas stations, and restaurants, to the tune of $23,148,855,308,184,500.00 each. These charges, as far as we can tell, exceed the sum total of wealth accumulated in human history. Affected cardholders were assessed a $15 overdraft fee.

Full post as published by The Faculty Lounge on July 17, 2009 (boomark / email).

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