Mixed Blessing

A Senate report provides a damning vindication for Reagan

For the first time in the short history of the labyrinthine White House scandal, a plausible version of events was taking shape, based on sworn testimony and Administration documents. According to the latest scenario, the Administration's weapons deals with Iran were a straightforward arms-for- hostages swap. Reagan's repeated claim that the transactions were an overture to moderate factions in the Iranian government was no more than a rationale concocted by CIA Director William Casey. Lieut. Colonel Oliver North was instrumental in persuading the President to proceed; North's boss, former National Security Adviser John Poindexter, was aware that Iran arms profits were...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!