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It doesn't matter that this report clears Eric Holder, because this report will immediately become more "proof" of a coverup, thus generating more conspiracy theories -- and more to the point, more successful fundraising campaigns for the extremists pushing them!
The right-wing media's conspiracy theory that the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Operation Fast and Furious was hatched as a nefarious plot by the Obama administration to impose draconian gun control upon the United States has been debunked by an independent investigation into the failed gun trafficking sting.
According to a report issued by the Department of Justice Office of the Inspector General, there is "no evidence that the agents responsible for the cases had improper motives or were trying to accomplish anything other than dismantling a dangerous firearms trafficking organization." This is consistent with a June 2011 report by Republican congressional staff, which found that "The operation's goal was to establish a nexus between straw purchasers of assault-style weapons in the United States and Mexican drug-trafficking organizations (DTOs) operating on both sides of the United States-Mexico border." From the OIG report (emphasis added):
ATF's Phoenix Field Division, together with the U.S. Attorney's Office, bore primary responsibility for the conduct of Operations Wide Receiver and Fast and Furious. While we found no evidence that the agents responsible for the cases had improper motives or were trying to accomplish anything other than dismantling a dangerous firearms trafficking organization, we concluded that the conduct and supervision of the investigations was significantly flawed. For reasons described in Chapters Three and Four, the Phoenix and Tucson offices adopted and adhered to a strategy that deferred taking overt action against subjects, even when evidence of the illegality of the purchasing activity was overwhelming, and we concluded, did so without adequate consideration of how that strategy placed the public at risk and what measures could be taken to minimize that risk. Further, as the case progressed, there was no discussion about whether the goals of the investigation should yield to what should have been an imperative to end the firearms trafficking taking place.
The Inspector General also specifically found no link between Operation Fast and Furious and plans to regulate firearms. According to the report, there is "no evidence that ATF Phoenix initiated the investigation in order to facilitate efforts to obtain long gun legislation." The report also found that then-Acting ATF Director Kenneth Melson did not use Fast and Furious as a justification for an ATF-backed reporting requirement for the sale of multiple assault rifles that went into effect in August 2011.