What is Big Shitpile?
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The part of a bank's or other lending institution's portfolio that is tied up in risky mortgages. Since many of these institutions are heavily into these loans, they become the 'big shitpile'.
The Big Shitpile Investment Banks are doing their damnedest to hide the full scale of their losses, by writing down only a little at a time.
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Random Words:
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When putting up christmas lights and all cords amass in one outlet to form one huge bundle of plugs and outlets.
Clark Griswold: Hey Ed..
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On August 17th, 1936 the Anheuser-Busch brewing company created the first canned beer. It came in a golden can and abandoned the A-B log..
