Big Shitpile

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 banks, investment, arm


40

Random Words:

1. ZekeySpaceyLizard= Really cool guy, greater than anyone at using Paint Shop Pro, the Insufferable Lunatic, pwns the Fan Art Section. Ch..
1. The American population of homeless, largely comprised of the mentally ill, displaced upon President Reagan's disbanding of state-r..
1. used to describe people, objects, or situations that evoke a feeling of warmth, acceptance, friendliness, good humor, and/or coolness &..