As the housing market collapsed in 2007, an analyst at Standard & Poor's composed a little tune for colleagues -- "Analyst D's" own version of "Burning Down the House" by the Talking Heads.
The email, cited in the U.S. Justice Department's lawsuit against the ratings agency filed in Los Angeles late Monday, came in March 2007 after the analyst conducted a risk analysis of bonds packed with souring mortgages the previous year.
"With apologies to David Byrne," the email began, "here's my version of 'Burning Down the House'
Housing market went softer
Strong market is now much weaker
Subprime is boi-ling o-ver
Bringing down the house