Comments on: 88888, a Lucky Number http://colorjoy.com/weblog/archives/735 Art as an everyday attitude. Fri, 05 Dec 2008 08:59:50 +0000 http://wordpress.org/?v=2.3.3 By: Byron http://colorjoy.com/weblog/archives/735#comment-87270 Byron Tue, 11 Sep 2007 06:21:44 +0000 http://colorjoy.com/weblog/archives/735#comment-87270 88888 is the account number of an "error account" used by Nick Leeson to hide mistakes in the collapse of Baring's Bank. "Alerted by the requests, his bosses carried out a spot audit in February 1995. They discovered that losses amounted to more than £800m, almost the entire assets of the bank. Barings faced collapse. Leeson had hidden the losses in an obscure account called Error Account 88888, which went to different managers from the house accounts." So, not always so lucky after all... 88888 is the account number of an “error account” used by Nick Leeson to hide mistakes in the collapse of Baring’s Bank.

“Alerted by the requests, his bosses carried out a spot audit in February 1995. They discovered that losses amounted to more than £800m, almost the entire assets of the bank.

Barings faced collapse.

Leeson had hidden the losses in an obscure account called Error Account 88888, which went to different managers from the house accounts.”

So, not always so lucky after all…

]]> By: Sarah http://colorjoy.com/weblog/archives/735#comment-618 Sarah Fri, 29 Oct 2004 02:45:30 +0000 http://colorjoy.com/weblog/archives/735#comment-618 I read this entry of yours early this morning. I was just out running some errands, and as I pulled out of the gas station (my last, most expensive errand), I noticed that my odometer said 88898, which means I hit 88888 today, no more than half an hour ago. Freaky coincidence, eh? I read this entry of yours early this morning. I was just out running some errands, and as I pulled out of the gas station (my last, most expensive errand), I noticed that my odometer said 88898, which means I hit 88888 today, no more than half an hour ago.

Freaky coincidence, eh?

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