The following points were made yesterday in testimony by Secretary of Defense Weinberger and in statements by members of the Iran-contra committees on the last day of public hearings:

ON PRESIDENT REAGAN: None of the committee leaders -- Senate chairman Daniel K. Inouye (D-Hawaii) and vice-chairman Warren B. Rudman (R-N.H.), House chairman Lee H. Hamilton (D-Ind.) and vice-chairman Dick Cheney (R-Wyo.) -- criticized the president directly. The two Republicans hammered home the point that evidence had not implicated the president in either diversion of Iranian arms sales proceeds to the contras or in a cover-up.

INOUYE: He said, "These hearings will be remembered longest not for the facts they elicited but for the extraordinary and extraordinarily frightening views of the government they have elicited." Inouye said they detailed a "flawed policy kept alive by a secret White House junta," despite repeated warnings and signs of failure.

HAMILTON: Taking the high road, he blamed no particular individual for the Iran-contra affair while defending the committees' work as "an essential part of the self-cleaning process."

RUDMAN: He blamed former national security adviser John M. Poindexter and Lt. Col. Oliver L. North for extremely serious abuses he said occurred. Rudman called their "actions and attitudes . . . antithetical to our democratic system of government."

CHENEY: "If there ever was a crisis, which I doubt, it ended before these committees were established," he said. He placed the controversy in the context of the "traditional struggle between the president and Congress over policy making and implementation."