Word: contras
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That feeling of serenity, though diluted by a variety of concerns, is part of the foundation of Reagan's political trifecta: his re-election in 1984, his personal recovery from the trough of the Iran-contra scandal and his final vindication at the polls last November. Not since the Roosevelt-Truman era has either party won three consecutive presidential elections. Not even the popular Eisenhower had the pleasure of escorting his designated heir to the Capitol...
Reagan had an ability to console the inconsolable. Witness his speech after the Challenger explosion. He could also explain away the inexplicable. Remember Bitburg? The Iran-Contra scam...
Unlike the Iran-contra investigation, another drawn-out federal probe was finally starting to produce results. Operation Ill Wind -- the two-year Justice Department inquiry into whether defense contractors bribed Pentagon officials for contract information -- blew in its first indictments and guilty pleas. Two defense contractors and nine men, including a middle-ranking Pentagon official, were hit with charges that include fraud, conspiracy, racketeering and bribery...
Ever since the fiasco first popped into the headlines in 1986, millions of Americans have awaited a full exposition of the Iran-contra affair. They whetted their palates with appetizers from the Tower commission and sat with rapt attention through 13 weeks of televised congressional hearings, confident they were experiencing only a first course of the full meal that would follow when special prosecutor Lawrence Walsh brought Lieut. Colonel Oliver North and three alleged co-conspirators to trial...
North still stands accused of a dozen felonies, ranging from pocketing money given to him by contra leader Adolfo Calero that was intended to help obtain release of American hostages in Lebanon to obstructing a presidential inquiry and lying to congressional committees, offenses for which he could be imprisoned for 60 years and fined $3 million. His lawyers nevertheless boasted that they had crippled the prosecution. Crowed North's chief counsel, Brendan Sullivan Jr.: "The heart of its case is destroyed." He hinted that North would continue to use the tactics that had forced dismissal of the theft and conspiracy...