Thursday, August 04, 2016

The Daily Flashback: Secret Iran Deals Edition

The Iran-Contra Affair 20 Years On:

Washington D.C., November 24, 2006 - On November 25, 1986, the biggest political and constitutional scandal since Watergate exploded in Washington when President Ronald Reagan told a packed White House news conference that funds derived from covert arms deals with the Islamic Republic of Iran had been diverted to buy weapons for the U.S.-backed Contra rebels in Nicaragua.

In the weeks leading up to this shocking admission, news reports had exposed the U.S. role in both the Iran deals and the secret support for the Contras, but Reagan's announcement, in which he named two subordinates -- National Security Advisor John M. Poindexter and NSC staffer Oliver L. North -- as the responsible parties, was the first to link the two operations...

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