New Boss Took Charge Of Project Code And Sent Two Billion Unwanted Emails
The Register, Friday, October 24th, 2025
Techie summoned at 02:00 AM to sort things out sent another 2 billion trying to fix it
This week, meet a reader we'll Regomize as "Nick" who in the late 2000s found himself working as a contractor at a London investment bank.
"I had technical oversight of a project related to overnight valuations of the bank's credit derivative products," Nick told On Call.
Some of you may remember those products were a big reason the global economy tanked in 2008. Nick wasn't responsible for that mess, but his job did involve systems that valued the bank's products overnight, so that when trading started in the morning everything was shipshape.