President Reagan: “We did not, repeat; did not trade weapons or anything else for hostages. Nor will we”.
Famous last words and words that would come back like a bad meal. But during this week of November in 1986 that's what we heard, and a lot of it and it wasn't going to end anytime soon.
But the evidence to the contrary was coming thick and fast and finger pointing with a flurry of denials ensued. And within days the wagons had circled. By the time the week was out Congressional investigations would be underway and an odyssey going on for months, if not years would unfold.
This clip - from the ABC World News This Week broadcast of November 16, 1986 provided some background on the brewing scandal. And many voices who came to be all-too familiar years later are heard.
Even the Congressman from Wyoming Dick Cheney is there.
March 19, 1987. Pres. Reagan gives first Press Conference in four months. Iran-Contra Scandal. CIA supplying Contras with plans and blueprints. Congress approves $40 million to Contras. Michael Deaver trying to stay out of jail. Israel stops supplying Military aid to South Africa. Bristol-Myers thinks it may have AIDS vaccine. 65 MPH speed limit approved. Read more...
On this day in history the proverbial shit hit the metaphoric fan as rumors and speculations regarding an Arms-for-hostages deal struck between the Reagan White House, the Iranians and the Nicaragua Contras. November 30, 1986 marks the 25th anniversary the scandal unfolded. Read more...