Republican (fascist/socialist President Reagan denies rumors that his administration has traded “arms for hostages with the Shi’ite (partisans of Ali) HezB’Allah Militia of Lebanon, insisting that his “‘no concessions’ [to terrorists] policy remains in force, in spite of the wildly speculative and false stories about arms for hostages and alleged ransom payments.  We did not—repeat—did not trade weapons or anything else for hostages nor will we.”

       Postscript: Two weeks later Reagan would confirm that his National Security Council had sold 2,000 anti tank weapons to the Islamic Republic of Iran in exchange the release of American hostages in Lebanon.

       [added 12/10/2022] Thanks to Jim Lorenz for this entry.