Iran-Contra Hearings Day 26: Oliver North Testimony Part 1 (1987)

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Uploaded by on Jan 4, 2011

July 10, 1987 http://www.amazon.com/gp/product/0393318605?ie=UTF8&tag=doc06-20&link... Watch the full testimony: http://thefilmarchived.blogspot.com/2011/01/iran-contra-hearings-day-26-olive...

Oliver Laurence North (born October 7, 1943) is a former U.S. Marine Corps officer, political commentator, host of War Stories with Oliver North on Fox News Channel, a military historian, and a New York Times best-selling author.

North was at the center of national attention during the Iran-Contra affair, a political scandal of the late 1980s. North was a National Security Council member involved in the clandestine sale of weapons to Iran, which served to encourage the release of U.S. hostages from Lebanon. North formulated the second part of the plan: diverting proceeds from the arms sales to support the Contra rebel groups in Nicaragua (funding to the Contras had been prohibited under the Boland Amendment amidst widespread public opposition in the U.S. and controversies surrounding human rights abuses by the Contras). North was charged with several felonies and convicted of three, but the convictions were later vacated, and the underlying charges dismissed due to the limited immunity agreement granted for his pre-trial public Congressional testimony about the affair.

North came into the public spotlight as a result of his participation in the Iran-Contra affair, a political scandal of the late 1980s, in which he claimed partial responsibility for the sale of weapons via intermediaries to Iran, with the profits being channeled to the Contras in Nicaragua. He was reportedly responsible for the establishment of a covert network used for the purposes of aiding the Contras. U.S. funding of the Contras by appropriated funds spent by intelligence agencies had been prohibited by the Boland Amendment. Funding was facilitated through Palmer National Bank of Washington, D.C. It was founded in 1983 by Harvey McLean, Jr., a businessman from Shreveport, Louisiana. It was initially funded with $2.8 million dollars to McLean from Herman K. Beebe. North supposedly used this bank during the Iran-Contra scandal by funneling money from his shell organization, the "National Endowment for the Preservation of Liberty", through Palmer National Bank to the Contras.

According to the National Security Archive, in an August 23, 1986 e-mail to National Security Advisor John Poindexter, Oliver North described a meeting with a representative of Panamanian President Manuel Noriega: "You will recall that over the years Manuel Noriega in Panama and I have developed a fairly good relationship", North writes before explaining Noriega's proposal. If U.S. officials can "help clean up his image" and lift the ban on arms sales to the Panamanian Defense Force, Noriega will "'take care of' the Sandinista leadership for us."

North told Poindexter that Noriega could assist with sabotage against the Sandinistas, and supposedly suggested paying Noriega a million dollars cash; from "Project Democracy" funds raised from the sale of U.S. arms to Iran—for the Panamanian leader's help in destroying Nicaraguan economic installations.

In November 1986, as the sale of weapons was made public, North was dismissed by President Ronald Reagan, and in July 1987 he was summoned to testify before televised hearings of a joint Congressional committee formed to investigate Iran-Contra. The image of North taking the oath became iconic, and similar photographs made the cover of Time and Newsweek, and helped define him in the eyes of the public. During the hearings, North admitted that he had lied to Congress, for which he was later charged among other things. He defended his actions by stating that he believed in the goal of aiding the Contras, whom he saw as freedom fighters, and said that he viewed the Iran-Contra scheme as a "neat idea."

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  • Magyarul beszelo akcio

  • Oliver North still working for the government. the government brings the drugs in to the country & then jails people to make money also and make the government more powerful and larger. most crimes in the countries are from drug related (sell, buy or steal or kill to get the drugs) if drugs legalized, it will weaken the criminal government. who also do child sex trade. also legalize adult prostitution to fight child sex trade. visit the website mayabell. com

  • OLLIE NORTH, OLLIE NORTH!

  • @CBenge62 Lying under oath? Yeh he's DE MAN

  • I remember hearing about a LOT when I was little but had no idea what was going on. All these years later I stumbled upon this and got to actually grasp what had occurred and even read up on the Ayatollah/Iranian revolution aspect of it. Very interesting.

  • oliver north is the man

  • thanks for posting, it's amazing, really useful

  • Thank you so much for these - really enjoying them and appreciate your effort

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