Phrase used as a directive to conceal unethical or illegal activity. Made popular by an e-mail sent between portfolio and hedge fund managers currently being charged by the SEC for insider trading.
Analyst: Shit, I think the SEC asshole with the ugly pink and baby blue tie is onto us.
Manager: Shred as much as u can
Manager: Shred as much as u can
by Cristo39 February 9, 2011