That’s billion with an “m”

I had to do a double take upon reading the bold headline on the front page of today’s N&R: Fed OK’s $85 million loan to rescue AIG.

If only the taxpayers could have gotten out so cheaply.  But, alas, as the AP story below the headline correctly reports, the bailout was for $85 billion – with a big ol’ “B”.

Mistakes happen, but I’ll bet there’s a red face or two down on Market Street, if not a head or two rolling out the side door.

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2 Comments

  1. ben Holder
    Posted September 17, 2008 at 10:23 am | Permalink

    The N&R sucks

  2. Dick
    Posted September 19, 2008 at 9:50 am | Permalink

    Hogg,

    As an old banker, I still use “m” to designate thousands, as $10,000 equates to $10m. For ten million, just add another “m”. Now eveyone uses “k”. I guess I haven’t moved into the new century. As for the N&R, I can only quote the late Lewis Grizzard: “What do you expect? It only costs 50 cents.”