The issue has been investigated over and over, and nobody found any actual evidence thereof. Iran would have had all motivation to threaten to expose Reagan - y

The issue has been investigated over and over, and nobody found any actual evidence thereof. Iran would have had all motivation to threaten to expose Reagan - yet US policy remained mostly pro-Iraq. When push comes to shove, you have a few unimportant Americans which consider any publication to be evidence, and Banisadr, which was an loony exile by that time (actually he was more than a bit loony beforehand). I also recall the hearings were far more incensed with the idea of funding the Contras (ignoring the Congressional ban) than with Iran arms which was considered merely a cynical play to serve US interests. e.g. the Chase Bank memoir, despite the publication being if anything an argument against, since the Reagan campaign wouldn't have to spread rumors if they had a deal.