Saturday, July 18, 2009

Hyperinflation Hits Cigarettes in New Hampshire

A recent article tells an interesting story. Remember the "Bank error in your favor" card in Monopoly? Here's the extreme reverse.

A man in New Hampshire bought a pack of cigarettes. Now we all know that cigarette prices have risen at quite a clip over the past decade, but this guy was pretty surprised when he checked his checking account balance and discovered that he had been charged over $23 quadrillion ($23,148,855,308,184,500).

What I found amusing was that it took over two hours for him to resolve the dispute with his bank and have his $15 overdraft fee repealed.

In classic fashion, the bank referred all reports' questions to Visa, and Visa referred all queries to the bank.

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