Why Hasn't Bernie Sanders Cosponsored Audit the Fed?

Presidential candidate Bernie Sanders has been making headlines recently for his criticism of Wall Street and the Federal Reserve. From Reuters:

U.S. Democratic presidential candidate Bernie Sanders warned on Tuesday that financial-sector greed was “destroying the fabric of our nation” and said the starting point of any Wall Street reform effort is breaking up “too big to fail” banks. “If a bank is too big to fail, it is too big to exist; when it comes to Wall Street reform, that must be our bottom line,” Sanders said in a blistering speech. He said allowing banks that are too big is essentially providing them with a “free insurance policy” to make risky investments knowing the U.S. government will prevent their collapse.

But is Bernie Sanders the foe of Wall Street like he claims? C4L members will recall how Senator Sanders was the one who gutted Audit the Fed legislation in 2010. At the time, Ron Paul stated, “Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate. His ‘compromise’ is what the administration and banking interests want.” C4L members will also note that Senator Sanders is NOT a cosponsor of Audit the Fed (S.2232). The Senate will vote on Audit the Fed on January 12th. Pledge to call your senators, and perhaps give Senator Sanders a phone call too. His number is (202) 224-5141.