Usually, it’s pretty funny when people take popular songs and write their own lyrics to them, satirizing events in the news.
But a song by an analyst at Standard & Poor’s – revealed in court documents in the government’s lawsuit against the ratings agency- isn’t funny at all.
It makes it look like the analysts who mis-rated mortgage backed securities did bad securities analysis, wrote bad songs about it, and fiddled while an economy burned.
Click here to read my column on MarketWatch. And click here to watch me talk about with Will Ripley of Denver’s NBC affiliate 9News.