WaMu

Sen. Tom Coburn was in action again today along with Sen. Carl Levin (D-MI) and, frankly, they make a pretty good tag team. Senate hearing into the collapse of Washington Mutual, the largest bank failure in US history (at least according to the 'crawl' across the bottom of the C-SPAN screen), starring WaMu auditors and presidents and CEOs.

http://www.c-span.org/Watch/Media/2010/04/13/HP/R/31770/Senate+Hearing+on+2008+Collapse+of+Washington+Mutual+Bank.aspx

One gets the impression that Coburn, Levin, and Sen. Ted Kaufman (D-DE) have uncovered quite a bit of unflattering information during their investigations of WaMu high officials. Despite some initial, modest bravado, the WaMu brass looked extremely uncomfortable in the face of increasingly pointed questioning. Sen. Coburn laid a none-to-subtle reminder on WaMu's former President and CEO, Mr. Kerry Killinger, that a good lawyer never asks a question he doesn't already know the answer to.

You are left modestly satisfied by this round of appetizers. Seems obvious that the main course will be Goldman Sachs with a side of Lehman Brothers.

SIDESHOW: Reports that our own Mitch McConnell was in NYC last week hustling campaign contributions on Wall Street in exchange for promises of obstructionism to any financial reform legislative action comes as... no surprise.