"Iran-Contra – The Iran-Contra Affair took place during the 1980s involving several members of the Reagan administration who engaged in the sale of arms to Iran, an avowed enemy, and used proceeds from the sales to illegally fund the Contras, a right-wing guerrilla group in Nicaragua. President Reagan appeared before the American public and
told a national television audience that the US had not sold weapons to Iran. Later he admitted it had. Oliver North and John Poindexter were indicted on multiple charges (March 16, 1988)."
The Savings and Loan Debacle – The Savings and Loan crisis of the 1980s was a wave of savings and loan association failures in the US in which over 1,000 savings and loan institutions failed. The ultimate
cost of the crisis is estimated to have cost the US government about $125 billion. Fraud and insider abuse were the worst aggravating factors in the wave of S&L failures. Charles Keating’s conviction led to the ‘Keating Five’ political scandal, in which five US senators were implicated in an influence-peddling scheme to assist Keating.
Monicagate – The Monica Lewinsky scandal was a political sex scandal emerging from a hort-term sexual relationship between US President Bill Clinton and a then-22-year-old White House intern.
The news of this extra-marital affair and the resulting investigation eventually led to the impeachment of Bill Clinton in 1998. Taxpayers ended up paying $40-million for Ken Starr’s investigation into the affair and President Clinton’s Whitewater real estate deals. (Compare that to the $15-million given to Kean-Zelikow Commission to
investigate the 9/11 attacks which followed.)