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.
by Cowmix December 12, 2007
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h4x0r1: Hey d00d, did you hear that shitped last night?
h4x0r2: Yeah d00d, fuckin' shitped woke me up.
h4x0r2: Yeah d00d, fuckin' shitped woke me up.
by Scout 740 Baker March 31, 2005
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• shit-up
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by ttt November 21, 2004
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by Frylock1968 September 6, 2013
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