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Part of the reason I suspect Hillary is her participation in promoting the "Mexican guns come from the U.S." angle. The other part is that the State Dept. should be involved in any legal transfer of weapons to a foreign country and should want to be aware of illegal transfers conducted by gov agencies and operatives. In that light one would expect some coordination between the State Dept. and the CIA when it is funneling heavy weaponry to organized crime syndicates in a foreign country.

"Grenade-walking" part of "Gunwalker" scandal

And this...

Worse Than Gunwalker? State Dept. Allegedly Sold Guns to Zetas
Phil Jordan, a former CIA operative and one-time leader of U.S. Drug Enforcement Administration’s El Paso Intelligence Center, claims that the Obama administration is running guns to the violent Zetas cartel through the direct commercial sale of military grade weapons:
Jordan, who served as director of the U.S. Drug Enforcement Administration’s El Paso Intelligence Center in 1995, said the Zetas have shipped large amounts of weapons purchased in the Dallas area through El Paso.
(snip)
“They’ve found anti-aircraft weapons and hand grenades from the Vietnam War era,” Plumlee said. Other weapons found include grenade launchers, assault rifles, handguns and military gear including night-vision goggles and body armor.

More about State Department involvement...

— has sources claiming “Obama’s man in the State Department,” (former) Deputy Secretary of State Jim Steinberg, was the State Department operative who helped Homeland Security Secretary Janet Napolitano and the Department of Justice Deputy Attorney General David Ogden formulate the strategy that led to the tactics used in Operation Fast and Furious.
Steinberg took office as Deputy Secretary of State on January 28, 2009
A little more than two years later, it was announced that Steinberg's time in the Obama State Department was over. From the New York Times, 30 March 2011:
Mrs. Clinton heaped praise on Mr. Steinberg, describing him as an “indispensable” partner. “On every foreign policy challenge, big and small, he has helped formulate our policy and oversee its execution,” she wrote. Mr. Steinberg, she said, played “Oscar to Jack Lew’s Felix,” referring to Jacob J. Lew, her other deputy, who left earlier this year to become Mr. Obama’s budget director.

Want to read even more about State Dept. involvement? ...

Sipsey Street Exclusive: "In at the beginning." The State Department & the Gunwalker Scandal.

"Grenade Walker" seems like another finger on the same hand as F&F and DEA money laundering and other ops. Anyway, it's just a theory based mostly on gut feeling. I've never thought Hillary was very bright but I do think she is more savvy than 0bungles.