senator bernie sanders

The proposal from independent Senator Bernie Sanders would order congressional investigators to conduct a single audit of the U.S. central bank's use of its emergency lending authority since December 2007.

It would require the Fed by December 1 to disclose which banks received its help.

Never mind that credit union interest rates are capped at 15 percent already. The effort by Senator Bernie Sanders, the Vermont independent, drew only 33 votes and needed 60.

One-third of all credit card holders are paying interest above 20 percent and as high as 41 percent, but the banks own the Senate.