Iran-Contra – Now I've Heard Everything

In the 1980s, the presidency of Ronald Reagan was facing two distinct foreign policy challenges.

Members of Hezbollah had taken several Americans hostage in Beirut, Lebanon.

And in Central America, a rebel group known as the Contras was trying to overthrow the socialist Sandinista government in Nicaragua.

To free the hostages, the Reagan administration undertook a secret plan to sell military missiles to Iran, in hopes that the Iranian government would persuade Hezbollah to release the hostages.

In Nicaragua, meanwhile, the U.S. was funding, arming, and training the Contras. That is, until Congress abruptly cut off the entire funding.

Oliver North with Bill Thompson’s daughter Jennifer

That’s when someone had the idea to take the money that Iran was paying secretly for those missiles and hand it secretly to the Contras. The plan became known later as the Iran-Contra affair.

When this plan became public in 1986, Congress was outraged. Hearings into the Iran. Contra affair began 35 years ago this week, May 5th, 1987.

And witness testimony quickly pointed to one man who seemed to have all the answers to the scandal.

Oliver North was on assignment to the National Security Council, and became the central figure in the Iran Contra scandal.

In July 1987, North appeared before I congressional committee, offering testimony that was at once defensive and defiant.

North was convicted on three felony charges but his convictions were vacated, and the criminal case against him was dropped in 1991.

And a short time later, North published a book called Under Fire. And that’s when he and I had the first of what would be several conversations over the next few years.

So here now from 1991 Lr. Col. Oliver North

Oliver North is 78 now. He lives in Virginia, just outside Washington, DC.

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George Shulz served in various positions under three U.S. presidents — in fact Shultz held four different cabinet-level posts over the years.

An economist by training, Shultz came to Washington as Richard Nixon’s first Labor Secretary. He became Director of the Office of Management and Budget a year later, and a year after that Nixon appointed him Treasury Secretary.

Ronald Reagan was elected president in 1980. and in 1982 chose Shultz as his Secretary of State. Shultz became a key shaper of foreign policy during the Reagan’s administration.

I met him in the spring of 1993, when he wrote a long memoir of his years at the State Department.

So here now, from 1993, George Shultz.

George Shultz died this past February at the age of 100.

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