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Allegations surfaced that William Casey, director of the Reagan campaign, and some CIA operatives, secretly met with Iranian officials in Europe to arrange for the hostages' release, but not until after the election. If true, some observers aver, dealing with a hostile foreign government to achieve a domestic administration's defeat would have been grounds for charges of treason.

Reagan won the election, partly because of the failure of the Carter administration to bring the hostages home. Within minutes of Reagan's inauguration, the hostages were released. Under Reagan, the Iran-Contra Affair completes this story.