2 ms·
"Whatever is in my power" can mean lots of things. If you were short by $1M, you could probably convince someone to loan you that amount quite easily. The GP
by captn3m0 5y ago
"Whatever is in my power" can mean lots of things.
If you were short by $1M, you could probably convince someone to loan you that amount quite easily.
The GP already mentioned colluding - you could for eg, merge funds with another potential bidder (or donor) to "just cross the amount" in exchange for something (say a yearly showing of the constitution at a museum of their choice)
Knowing your opponents maximum amount makes your riskier bets (loaning money, striking deals) much less risky - atleast in a two-way auction(?)