REITRED AIR FORCE GENERAL SECORD TESTIFIES AT IRAN-CONTRA HEARING
IN THE SENATE CAUCUS ROOM GAVEL IS BANGED TO OPEN THE IRAN-CONTRA HEARINGS. LONG SHOT OF PANEL SEEN. IN OPENING STATEMENT SENATE SEL CMTE ON IRANIAN ARMS DEAL CHAIRMAN INOUYE SAYS THE STORY IS BOTH SAD & SORDID. IT IS FILLED WITH INCONSISTENCIES & OFTEN UNEXPLAINABLE CONDUCT; & NONE OF THE PARTICIPANTS EMERGES UNBLEMISHED. IN ADDRESS CMTE VICE-CHAIRMAN RUDMAN SAYS THERE IS SUFFICIENT EVIDENCE TO ESTABLISH THAT ARMS DEAL IS AN INEXCUSEABLE FIASCO OF THE 1ST ORDER. RETIRED AIR FORCE GENERAL SECORD TAKES OATH AT HEARING. OVERHEAD SHOT OF PANEL & SECORD TESTIFYING SEEN. SECORD SAYS HE MAKES NO SECRET THAT CONTAINMENT OF THE SANDINISTA REGIME & RELATIONS WITH IRAN SHOULD BE SUBJECTS OF VITAL & STRATEGIC INTEREST TO THE US. INSERT STILL OF SECORD WITH GRAPHIC ARROW SHOWING 30-MILLION DOLLARS WERE PUT INTO LAKE RESOURCES CREDIT SUISSE BANK ACCOUNT; & 18-MILLION DOLLARS WERE DIVERTED; & INSERT STILLS OF CREDIT SUISSE BANK; SECORDS BUSINESS PARTNER HAKIM; & FORMER NATIONAL SECURITY COUNCIL AIDE LT COL NORTH SEEN. CHIEF COUNSEL FOR THE HOUSE SEL CMTE ON IRANIAN ARMS DEAL NIELDS SEEN. IN TESTIMONY SECORD SAYS APPROXIMATELY 5.5-MILLION DOLLARS WERE USED IN AIRLIFT & CONTRA PROJECTS. LONG SHOT OF PANEL SEEN. SECORD SAYS THERE WAS A 20-30% MARK UP ON WEAPONS WHICH IS LOW IN THE ARMS BUSINESS. SECORD SEEN SITTING NEXT TO HIS LAWYER GREEN. OVERHEAD SHOT OF PANEL & SECORD SEEN. SECORD STATES HE BELIEVED IF HE TOOK A SHARE OF THE PROFITS FROM ARMS DEAL; NO MATTER HOW LEGAL; IT WOULD TARNISH HIM. PANNING SHOT OF PANEL MEMBERS SENATORS HEFLIN; MCCLURE; MITCHELL; RUDMAN; INOUYE; BOREN; & REPS HAMILTON; STOKES; ASPIN; COURTER; & BOLAND SEEN. SECORD SAYS CIA DIRECTOR CASEY WAS AWARE OF AIRLIFT OPERATION.
A-NEWS #2 (5-5-87) #9 NAT SOT; IRAN-CONTRA FEEDS 87E0250 (10:15:00 - 10:49:09); 87E0268 (9:45 - 11:00); 87E0269 (11:00 - 11:17)
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Producers: NBC
IN THE SENATE CAUCUS ROOM GAVEL IS BANGED TO OPEN THE IRAN-CONTRA HEARINGS. LONG SHOT OF PANEL SEEN. IN OPENING STATEMENT SENATE SEL CMTE ON IRANIAN ARMS DEAL CHAIRMAN INOUYE SAYS THE STORY IS BOTH SAD & SORDID. IT IS FILLED WITH INCONSISTENCIES & OFTEN UNEXPLAINABLE CONDUCT; & NONE OF THE PARTICIPANTS EMERGES UNBLEMISHED. IN ADDRESS CMTE VICE-CHAIRMAN RUDMAN SAYS THERE IS SUFFICIENT EVIDENCE TO ESTABLISH THAT ARMS DEAL IS AN INEXCUSEABLE FIASCO OF THE 1ST ORDER. RETIRED AIR FORCE GENERAL SECORD TAKES OATH AT HEARING. OVERHEAD SHOT OF PANEL & SECORD TESTIFYING SEEN. SECORD SAYS HE MAKES NO SECRET THAT CONTAINMENT OF THE SANDINISTA REGIME & RELATIONS WITH IRAN SHOULD BE SUBJECTS OF VITAL & STRATEGIC INTEREST TO THE US. INSERT STILL OF SECORD WITH GRAPHIC ARROW SHOWING 30-MILLION DOLLARS WERE PUT INTO LAKE RESOURCES CREDIT SUISSE BANK ACCOUNT; & 18-MILLION DOLLARS WERE DIVERTED; & INSERT STILLS OF CREDIT SUISSE BANK; SECORDS BUSINESS PARTNER HAKIM; & FORMER NATIONAL SECURITY COUNCIL AIDE LT COL NORTH SEEN. CHIEF COUNSEL FOR THE HOUSE SEL CMTE ON IRANIAN ARMS DEAL NIELDS SEEN. IN TESTIMONY SECORD SAYS APPROXIMATELY 5.5-MILLION DOLLARS WERE USED IN AIRLIFT & CONTRA PROJECTS. LONG SHOT OF PANEL SEEN. SECORD SAYS THERE WAS A 20-30% MARK UP ON WEAPONS WHICH IS LOW IN THE ARMS BUSINESS. SECORD SEEN SITTING NEXT TO HIS LAWYER GREEN. OVERHEAD SHOT OF PANEL & SECORD SEEN. SECORD STATES HE BELIEVED IF HE TOOK A SHARE OF THE PROFITS FROM ARMS DEAL; NO MATTER HOW LEGAL; IT WOULD TARNISH HIM. PANNING SHOT OF PANEL MEMBERS SENATORS HEFLIN; MCCLURE; MITCHELL; RUDMAN; INOUYE; BOREN; & REPS HAMILTON; STOKES; ASPIN; COURTER; & BOLAND SEEN. SECORD SAYS CIA DIRECTOR CASEY WAS AWARE OF AIRLIFT OPERATION.
A-NEWS #2 (5-5-87) #9 NAT SOT; IRAN-CONTRA FEEDS 87E0250 (10:15:00 - 10:49:09); 87E0268 (9:45 - 11:00); 87E0269 (11:00 - 11:17)
TA
Producers: NBC