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Why 'El Chapo' Guzman Bust Was a Mistake

In a statement released on Saturday, U.S. Attorney General Eric Holder lauded Guzman's arrest.  "Today's apprehension of Joaquin 'Chapo' Guzman Loera by Mexican authorities is a landmark achievement, and a victory for the citizens of both Mexico and the United States. Guzman was one of the world's most wanted men and the alleged head of a drug-running empire that spans continents," he said. "We are pleased that we were able to work effectively with Mexico through the cooperative relationship that U.S. law enforcement agencies have with their Mexican counterparts. We look forward to ongoing cooperation, and future successes."

Secretary of Homeland Security Jeh Johnson also praised the Mexican Government. "The operation led by the Mexican government overnight to capture Joaquin 'Chapo' Guzman Loera is a significant victory and milestone in our common interest of combating drug trafficking, violence and illicit activity along our shared border," he said, in the joint statement. "We congratulate our Mexican partners in this achievement and we will continue to work collaboratively with them to ensure a border region that is safe and secure, for the communities and citizens of both our nations."

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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