The Iran Contra Affair The Iran Contra Affair was a secret arrangement to apply funds to Nicaraguan contra rebels from profits accumulated by deal blazonry to Iran in the 1980’s. There is much controversy frame this scandal, including the president’s knowledge of these events. Throughout the trials, President Regan claimed that he knew nothing about the diversion of funds, or the illegal ordnance store sales to Iran. The following information gathered will serve otherwise. The president not only knew about these arrangements, but overly made certain that the contra rebels would be funded.

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