What is Big Shitpile?
1.
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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Like an Indian Giver, except when you haven't been given anything. Someone makes a deal and then breaks the deal later.
Someone w..
1.
A powerful potent illicit liquor. Often brewed in trash cans or prison commodes, gray drank can consist of any liquid that probably is n..
