Eric Holder: Largest Money-Launderer in the Drug Business – John Ransom – Townhall Finance
December 10, 2011 1 Comment
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.”
The DEA denies the charge saying that they have been running money-laundering stings since 1984. “The Drug Enforcement Administration has been working collaboratively with the Mexican government to fight money laundering for years. As a result of this cooperation, DEA has seized illicit transnational criminal organization money all around the world.”
Obviously whoever wrote the press release for the DEA flunked the “irony” portion of their English exam.
The DEA has become the leading money-laundering crime fighter by becoming one of the leading money-launders?
Man, this has become a government that can justify anything it does by whatever tortured logic it chooses.
And that’s what you get when you’re governed by people who think that, as our own Guy Benson pointed out, lying is a complicated concept that revolves around a state of mind as does Mr. Attorney General Holder.
Issa is having none of it, though, since he’s been given the run around on Fast and Furious from the beginning.
He knows what he has to deal with at Justice.
Issa indicated he’s skeptical, particularly after the Justice Department on Friday gave Congress hundreds of pages of documents showing how Justice officials initially provided inaccurate information about Fast and Furious.
“The first answer you get from this Justice Department doesn’t have a high credibility,” Issa said.
And no answer ever will have credibility in the Department of Justice as long as Holder remains at the helm.
For Christmas this year, my family is buying some goats, some fruit trees, a bicycle and clothes for needy children through Worldvision.
We let our kids pick out the gift they want to give for Christmas and they pay for it with money they have saved through the year. Our kids really get a lot out of the experience.
I hope readers will consider doing the same according to their ability.
PS- If you friend me on Facebook you get sneak peeks of columns! Act now, because I’ll hit the friend limit soon.
- Eric Holder Impeached is a Good First Start – John Ransom – Townhall Finance (gds44.wordpress.com)
- REPORT: U.S. Agents Are Laundering Money For Mexican Drug Cartels (businessinsider.com)
- DEA Now Laundering Drug Money (thedaleygator.wordpress.com)
- The Gang That Can’t Shoot Straght (tarpon.wordpress.com)