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 internet. So called because it is the 'electronic frontier' not quite under the jurisdiction of any one government, where ..
1.
the 1337 version of epic phail, that is often used at any game...
Someone that is a newbie fail an (VERY) easy mission
Newb: OMG the g..
