Anatomy of A Smear

Terry Reed loves to tell reporters scandalous tales about Bill Clinton and the contras. The trouble is the stories are false.

TO HEAR TERRY REED TELL IT, during the mid-1980s he was a key player in a covert "resupply network" that flew arms to the Nicaraguan contras and drugs back to the U.S., using a small airport in rural Arkansas as a base. On top of that, the enterprise was personally supervised by Governor Bill Clinton, whose state received 10% of the profits from the operation. And according to Reed, he even discussed the scheme with Clinton while the Governor smoked marijuana in a van parked outside a busy Mexican restaurant in Little Rock.

The only trouble with Reed's sensational tale is...

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