In lawsuit against S&P, a surprise appearance from Talking Heads

Tue Feb 5, 2013 11:11am EST
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By Matthew Goldstein

NEW YORK (Reuters) - When the housing market was on the road to nowhere in 2007, one ratings analyst found an unlikely muse: the post-punk band Talking Heads.

The analyst wrote a parody of the rock group's 1983 hit, "Burning Down the House," and emailed it to friends. His version of the song ended up in a 128-page lawsuit that the U.S. Department of Justice filed against rating agency Standard & Poor's late Monday.

According to the lawsuit, the unidentified S&P analyst, known in the complaint as "Analyst D," later sent a video of himself singing and dancing to his song while coworkers watched and laughed.

His version of the song begins:

"Watch out.

Housing market went softer

Cooling down

Strong market is now much weaker   Continued...