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When the Iran-contra scandal broke, Ronald Reagan, behaving as besieged politicians invariably do, said that "this whole thing boils down to a great irresponsibility on the part of the press." The accusation was false and desperate, and he has not tried to sustain it. Not the American press but...

Author: /time Magazine | Title: Press: Newswatch Thomas Griffith Watergate: a Poor Parallel | 12/29/1986 | See Source »

The messages keep coming at Ronald Reagan, from friends, senior leaders of both parties, veteran public officials belatedly summoned to provide outside counsel, even his wife. Their essence can be put in one word: act. Fire Chief of Staff Donald Regan or CIA Director William Casey, or both, as proof...

Author: /time Magazine | Title: What He Needs to Know | 12/22/1986 | See Source »

-- An Israeli government minister described to TIME how North had directed the diversion of Iranian arms profits to Swiss bank accounts. His story: stung by the official American announcement that money had been paid by "representatives of Israel" into Swiss accounts controlled by the contras, the three top leaders of...

Author: /time Magazine | Title: What He Needs to Know | 12/22/1986 | See Source »

Nonetheless, the House Foreign Affairs Committee opened the first public -- indeed, televised -- hearings into the affair. The first witness was Shultz, who stressed what he did not know. The Secretary of State said he considered the diversion of funds to the contras "illegal" -- he was the first Administration official to...

Author: /time Magazine | Title: What He Needs to Know | 12/22/1986 | See Source »

Following congressional restrictions on contra funding, NSC Aide Oliver North reportedly devises a plan to use private U.S. citizens and other countries to funnel aid to the Nicaraguan rebel forces. President Reagan is said to approve the plan, although former National Security Adviser Robert McFarlane last week denied the existence...

Author: /time Magazine | Title: The Iranscam Trail | 12/22/1986 | See Source »

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