John Ransom

As if Congress didn’t have enough evidence that the Department of Justice has completely lost its mind, the New York Times is reporting that the Drug Enforcement Agency has helped launder “millions of dollars in drug proceeds” on behalf of Mexican drug cartels, a figure much higher than previously estimated.

The Department of Justice has been under investigation by Congress for facilitating gun smuggling during Operation Fast and Furious. Fast and Furious was a gun running scheme on the US-Mexican border that’s resulted in violence and death on both sides of the border including the deaths of federal agents in the line of duty. The operation used illegal weapons purchases with reluctant gun dealers who cooperated with the ATF on the so-called stings.

The problem however is that there has never been a sting, an arrest or results that would justify breaking the law- there were just illegal arms pouring over the border and escalating violence all facilitated by the Department of Justice in an effort, in part to make a case for stricter gun control laws.  

One source who was quoted anonymously in the money-laundering story in the Times was concerned about similar negative results saying that the “D.E.A. could wind up being the largest money launderer in the business, and that money results in violence and deaths.”

Consequently, Rep. Darrell Issa, R-Calif, chair of the oversight committee already investigating Fast and Furious has done some fast and furious of his own. Issa has opened a probe into the money-laundering program according to the Houston Chronicle.

He sent a letter to Attorney General Eric Holder informing him of the probe, drawing “a parallel between the reported money-laundering operation’s tactics and those in Fast and Furious,” according to the Chronicle.

“The existence of such a program again calls your leadership into question,” Issa wrote in a letter to Holder, says the Texas newspaper. “The managerial structure you have implemented lacks appropriate operational safeguards to prevent the implementation of such dangerous schemes. The consequences have been disastrous.”


John Ransom

John Ransom is the Finance Editor for Townhall Finance.
TOWNHALL FINANCE DAILY

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!