The Iran-Contra Affair 20 Years On
Washington D.C., November 24, 2006 - On November 25, 1986, the biggest political and constitutional scandal since Watergate exploded in Washington when President Ronald Reagan told a packed White House news conference that funds derived from covert arms deals with the Islamic Republic of Iran had been diverted to buy weapons for the U.S.-backed Contra rebels in Nicaragua. In the weeks leading up to this shocking admission, news reports had exposed the U.S.