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But that wasn’t enough for the US government, American corporations, and the Atlanta-BNL. The Atlanta-BNL was not only using the CCC guarantees to export goods to Iraq, the Export-Import Bank provided guarantees and insurance on certain exports financed by the BNL as well. While the CCC program guaranteed agricultural goods, the Export-Import Bank (Eximbank) guaranteed 22 America and the New American Century the shipment of other goods (take a guess at what those goods might have been). The Eximbank had insured hundreds of millions of dollars worth of shipments to Iraq from 1987 to 1990.

The final Boland Amendment made it illegal for the United States to assist the Nicaraguan contras. ” North arranged arms and support for the contras via tips and advise from the Reagan administration. Breaking the Stories 31 What is now known as the Arms for Hostages and Iran Contra Scandals broke on November 3, 1986, when the Lebanese newspaper, AlShiraa, reported that the US secretly sold arms to Iran. The contra connection came to light after Nicaraguan troops shot down a contra supply plane and an American passenger, Eugene Hasenfus, survived.

During the Reagan administration’s operations in training, funding, and arming the contras, the majority of which was completely illegal, over 30,000 Nicaraguans were killed. The Reagan administration armed Iran during the mid-1980s despite knowing since 1982 that Iran had been supporting international terrorists. Both Israel and the United States sent arms and supplies to Iran during the years of 1985-1986 on at least eight different occasions. Such arms supplies to Iran resulted in the release of US prisoners in different parts of the Middle East.

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