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. Wicked Highland thrash Metal band in Auckland, New Zealand. Go to: legionshorde and check us out under the Bands section. legionshorde..
1. Another word for yuppies Fuck those Marlboro Lights sucking bastards and their AMEX gold cards See Snake..
1. a place for jacob j.goins See bugga..