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:
1.
A phrase used to describe the act of quitting smoking. "Nic" is short for nicotine, the addictive chemical found in cigarette..
1.
A veriable on w00t.. just to say something is cool. Originally from CS.
Guy 1: I gave him a friggin headshot!
Guy 2: w00tersc00ter!11!..
