What has Obama promised J. P. Morgan for help with the “Fast and Furious” scandal?

While the administration attempts to use lower-level agents to absorb all the blame for the “Fast and Furious” operation that got American guns sold to Mexico drug cartels to track them so they could be used to kill American law enforcement agents, it is easy to see how the White House is purchasing silence and cooperation.

Consider: One of the people likely to face some kind of discipline is Deputy Assistant Director William McMahon:

McMahon did not consider the risk to public safety in allowing gun-walking to be carried out in the operation, and he failed to share important information about the investigation to his superiors at ATF, the report found. He also did not show appropriate oversight in securing an exit strategy for the investigation, the report states.

But while McMahon awaits the outcome, he is living quite comfortably. According to Representative Darrell Issa (R-CA.) and Senator Charles Grassley (R-IA), “McMahon is receiving a six-figure salary as an official in the ATF Office of Professional Responsibility and is serving as executive director of global security and investigations for J.P. Morgan in the Philippines.”

The lawmakers said the ATF apparently approved allowing McMahon to remain on paid leave for four or five months while working for the investment bank in order to reach retirement eligibility. “ATF has essentially facilitated McMahon’s early retirement and ability to double dip for nearly half a year by receiving two full-time paychecks — one from the taxpayer and one from the private sector,” Issa and Grassley wrote.

How nice. Is this how the ATF arranges things for all its agents? No! As Issa and Grassley point out,

This is in sharp contrast to the posture the agency has taken with whistleblowers like Special Agent John Dodson, who is told he must wait until the Inspector General’s report is complete before the agency will even consider his simple request for a statement retracting the false statements made about him by agency leadership.

The laws in this country are not yet so corrupt that the White House is permitted a budget item for “paying off friends who cover for Administration criminality.” Instead, the Obama Administration had to look for some organization that would want the White House to protect and otherwise help them. J. P. Morgan is essentially the owner of the White House already. This is just one more way in which influence is peddled.

To summarize: An ATF higher-up is caught in a scandal that leads to the White House and suddenly he lands a cushy private job that provides him with a boatload of additional income. Rules are bent so that he can “double dip.” Obama now owes Morgan a favor for providing that cushy job.

J. P. Morgan providing cover for the Obama Administrations gun running scandal is the best-case scenario—one which the media would be investigating if this happened to a Republican administration. But there are also darker possibilities. If “Fast and Furious” was actually intended to support one of the cartels, then J. P. Morgan’s aid raises more sinister questions. Their own website quotes as credible claims that US banks launder between $500 billion and $1 trillion in drug money annually.