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.
See
Random Words:
1.
The nickname of Chicago Bulls center Aaron Gray due to his skin color and quick reflexes and feet; similar to those of a panther.
The W..
1.
a collection of fomer bear stearns employees who coined the phrase 'flying/dying' to cover the huge volatilty that was endemic..
