This Newsday story still gets it wrong about Operation Fast & Furious:
Wrong. Fast & Furious was designed to boost the number of weapons confiscated in Mexico that were traceable to U.S. retail firearms dealers, which would then be used as a pretext to adopt stricter gun control laws, especially the reintroduction of the Federal Assault Weapon Ban.
Fast and Furious was designed to track guns that "straw buyers" purchased in Phoenix area shops in 2009. The goal was to trace the guns and make cases against traffickers supplying firepower to deadly drug cartels in Mexico. But agents quickly lost track of the weapons and many turned up at crime scenes, including the December shootout in Arizona where border agent Terry died.
Fast & Furious was not a "bungled investigation", but rather a covert political operation designed to subvert the 2nd Amendment.