Kicking Footballs of Bids

The Big Short, by MIchael Lewis (Inside the Doomsday Machine)

Published by W.W. Norton & Company, New York and London

“Spider-Man at The Venetian”, p 163

“We were doing everything we possibly could to buy more,” said Charlie.  “We’d put in our bids at the offering prices.  They’d call back and say, “Oops, you almost got it!”  It was very sort of Charlie Brown and Lucy.  We’d go up to kick the football and they’d pull it back.  We’d raise our bid and the minute we did their offer would jump up.”



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