Following The Money, All Washed And Clean

That money would be Mexican drug cartel money all sparkly clean thanks to – wait for it – the DEA. Yes, the DEA, under Holder, has laundered millions – MILLIONS – of dollars for the Mexican drug cartels.

How in the hell is Holder, and every single one of the administrators who went along with this, not indicted and facing trial? I’m no attorney, but I am fairly certain that money laundering is ILLEGAL, especially for the head of the US Justice Department.

As you might suspect, this is all part and parcel of the horrendously stupid “Fast and Furious” gun-walking program. Rep. Darrell Issa is doing his best to uncover the extent of this program under Holder:

[snip] The New York Times reported on Sunday that “in operations supervised by the Justice Department and orchestrated to get around sovereignty restrictions” drug enforcement agents “laundered or smuggled millions of dollars in drug proceeds as part of Washington’s expanding role in Mexico’s fight against drug cartels.”

In a Monday letter to Attorney General Eric Holder, Issa announced he’s investigating the allegations made against the DEA in the New York Times article.

“As you are fully aware, since March of this year, I have been investigating the reckless tactics — in particular gunwalking — used in ATF’s Operation Fast and Furious,” Issa wrote. “That operation, which you personally acknowledged was ‘fundamentally flawed,’ failed spectacularly to meet its objective of bring down Mexican drug cartels. Precisely because the ends do not justify the means, the law limits the conduct alleged in this story.”

“Apparently, this same goal of dismantling Mexican drug cartels motivated the Drug Enforcement Administration in aiding and abetting these same cartels in laundering millions of dollars in cash,” Issa continued. “In fact, The New York Times reports that agents needed to seek Department approval to launder amounts greater than $10 million in any single operation.”

Issa wrote that, according to the report, many agents said the $10 million requirement was frequently “waived” because it was treated more like a guideline. He said that means “hundreds of millions of dollars” could’ve been “laundered” into the hands of drug cartels by the Obama administration and Holder’s Justice Department. (Click here to read the rest.)

This just gets worse and worse with every passing day. The NY Times article stated that the DEA did this in order to see how the drug cartels move their money. Because I am sure the DEA/DOJ just couldn’t figure it out any other way than laundering potentially hundreds of millions of dollars. This isn’t just folly, this is sheer insanity, and it starts at the top – all the way to the top with Obama, who is still standing behind Holder. Hell, he picked him in the FIRST place, so that tells you something right there.

And speaking of following the money, former NJ Governor and US Senator, Jon Corzine, is about to be on the hot seat this Thursday regarding the disappearance of $1.2 BILLION of investors’ money at MF Global. That is all bad enough, but like the “Fast and Furious” program, with every day, more information leaks out. Now it seems that Corzine threatened to quit his post if he was not allowed to throw money into European bonds.

And you may recall, Jon Corzine played an integral part in helping this Administration as evidenced by both President Obama and VP Biden heaping praise on Corzine in this video:

Well, I think that explains a LOT, doesn’t it? But there is oh, so much more on this issue. Guess who sits on the advisory board of the PR Firm that worked for MF Global, and which provided financial advice to MF Global? That would be President Clinton. Former PM Tony Blair, too, but that’s the U.K.’s problem. The company, Teneo Holdings, was paid $625,000 for it’s work with MF Global:

[snip] Clinton’s office insists the former president did not profit from the relationship between MF Global and Teneo Holdings, where he is chairman of the advisory board. But Teneo, on whose advisory board former British Prime Minister Tony Blair also sits, was paid $125,000 a month for at least five months in one of MF’s biggest consulting arrangements, according to sources at the brokerage house.

The relationship was controversial within MF Global even before the company’s financial problems hit the news as executives questioned why an outside firm was needed for work that had long been done in-house.

“I don’t know what they did,” one MF source said. “It was always unclear.” (Click here to read the rest.)

Yes, Obama and Biden’s financial guru will be spending some quality time in front of Congress trying to explain why he was so gung-ho about investing in European bonds, and how $1.2 Billion of investors’ money disappeared.

The workers at MF Global want to know, too, and are suing the executives who ran MF Global into the ground. Serves them right. I hope the workers get a ton of money from them.

I hope Rep. Issa and Congress continues to follow these money trails to the very end. And I hope some of these folks, like Holder and Corzine, end up in a room cell of their own. They deserve nothing less, don’t you think?