RealNews

Scandal damaged presidency, but it didn't destroy it

The most indelible stain on the Reagan presidency was what came to be known as the Iran-contra scandal. The controversy in Ronald Reagan’s second term was so intense that it appeared possible he might be impeached. At its heart was a complex arms-for-hostages scheme to sell weapons to Iran in exchange for the release of American hostages in Lebanon. Some money from the sales was diverted to support U.S.-backed anti-communist rebels in Nicaragua. But after many hearings, investigations and trials, no proof emeerged that Reagan knew about the scheme. Reagan said he was unaware of the scheme and when questioned by a special counsel years later had forgotten details of his presidency. Others were held accountable, most notably national security adviser John Poindexter, a Navy admiral, and Marine Lt. Col. Oliver North, a military aide to the National Security Council. Poindexter resigned; North was fired. Full Story

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