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Word: iran-contra (lookup in dictionary) (lookup stats)
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...Follow the money" was the terse advice the legendary source Deep Throat offered to Reporter Bob Woodward in the movie version of All the President's Men. As the intricacies of the Reagan Administration's Iran-contra supply line were probed last week, the money trail became a source of innumerable leads for reporters (including the Washington Post's Woodward) and investigators for congressional committees who were scrambling to uncover a financing scheme that coiled across three continents. The path led through a complex maze, replete' with international intrigue, conflicting claims by governments and shadowy diversions of funds by mysterious...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

Still, in the intricate mixture of public and private actors that is emerging in the Iran-contra scam, a Saudi connection is not at all farfetched. In 1981, when Saudi Arabia faced an uphill struggle to win congressional approval to buy five AWACS radar planes (ironically, for protection against any military threat from Iran), four U.S. officials worked hard to turn the tide. They were North, then a little-known aide at the NSC; Charles P. Tyson, another NSC staffer; Richard Secord, Deputy Assistant Secretary of Defense; and Robert Lilac, a Pentagon official who moved to the NSC, where...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

...work as a consultant for Prince Bandar, who is the Saudi Ambassador to Washington. Tyson left in March 1983 to work for Khashoggi. The tortuous trail left by both North and Secord, now a retired Air Force general, touches virtually every mysterious point of action in the entire Iran-contra affair...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

...contras during the ban on such help from the U.S. Government, Calero replied, "There are things I just don't want to know. My father always said, 'Don't let people confide in you. They will confide in other people too, and you will be blamed.'" As the Iran-contra scandal unfolds, many in the Reagan Administration may eventually resort to the same know-nothing defense...

Author: /time Magazine | Title: Pursuing the Money Connections | 1/26/2007 | See Source »

...freewheeling and shrewdly eccentric career of H. (for Henry) Ross Perot will argue with that description. The blunt-spoken, impulsive founder of Electronic Data Systems, who managed last week both to goad mighty General Motors into an expensive estrangement and get his name involved in Washington's Iran-contra scandal, has been variously called a dictator, a superpatriot and an inspiring, unassuming employer-philanthropist. He is also one of America's wealthiest men. His scrappy individualism and spectacular feats of corporate derring-do are the stuff of John Wayne-style legend and its modern equivalent, a television mini-series...

Author: /time Magazine | Title: Need a Rescue? Call Ross | 1/26/2007 | See Source »

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