November 14, 1988 http://www.amazon.com/gp/product/0061558338?ie=UTF8&tag=doc06-20&link... Watch the full program: http://thefilmarchived.blogspot.com/2010/09/ronald-reagan-address-to-junior-h...
The presidency of Ronald Reagan in the United States was marked by multiple scandals, resulting in the investigation, indictment, or conviction of over 138 administration officials, the largest number for any president up to that point in history.
The most well known and politically damaging of the scandals came to light in November 1986, when Ronald Reagan conceded that it had sold weapons to the revolutionary government of the Shah of Iran, Ruhollah Khomeini, as part of a largely unsuccessful effort to secure the release of 52 Americans being held hostage. It was also disclosed that some of the money from the arms deal with Iran had been covertly and illegally funneled into a fund to aid the right wing Contras revolutionary groups seeking to overthrow the socialist Sandinista government of Nicaragua. The Iran-contra scandal as it became known, did serious damage to the Reagan presidency. The investigations were effectively halted when President George H. W. Bush (Reagan's vice president) pardoned Secretary of Defence Caspar Weinberger before his trial began.
The HUD rigging scandal consisted of Department of Housing and Urban Development Secretary Samuel Pierce and his associates rigging low income housing bids to favor Republican contributors to Reagan's campaign as well as rewarding Republican lobbyists such as James G. Watt a former Secretary of the Interior. Sixteen convictions were eventually handed down.
A number of scandals occurred at the Environmental Protection Agency during the Reagan Administration. Over twenty high-level EPA employees were removed from office during Reagan's first three years as president. Additionally, several Agency officials resigned amidst a variety of charges, ranging from being unduly influenced by industry groups to rewarding or punishing employees based on their political beliefs. Sewergate, the most prominent EPA scandal during this period, involved the targeted release of Superfund grants to enhance the election prospects of local officials aligned with the Republican Party.
Inslaw Affair (1985-1994); a protracted legal case that alleged that top-level officials of President Ronald Reagan's (R) Department of Justice were involved in software piracy of the Promis program from Inslaw Inc. forcing it into bankruptcy and then failed to appoint an independent counsel to investigate it.
Savings and loan crisis in which 747 institutions failed and had to be rescued with $160 billion of taxpayer monies. Reagan's "elimination of loopholes" in the tax code included the elimination of the "passive loss" provisions that subsidized rental housing. Because this was removed retroactively, it bankrupted many real estate developments made with this tax break as a premise, which in turn bankrupted 747 Savings and Loans, many of which were operating, more or less, as banks, thus requiring the FDIC to cover their debts and losses with tax payer money. This with some other "deregulation" policies ultimately led to the largest political and financial scandal in U.S. history to that date. The Savings and Loan crisis. The ultimate cost of the crisis is estimated to have totaled around USD$150 billion, about $125 billion of which was consequently and directly subsidized by the U.S. government, which contributed to the large budget deficits of the early 1990s.
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Reagan Scares Studentby eudch92,867 views
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YoungIvyScholar 9 months ago
meerica fuuckk yea!
RadicalSyndicate 1 year ago
~*~ Touching the Most Subtle Fields ~*~
ShaktiLila 1 year ago