Lord Levy, the personal friend, fund raiser and envoy of the Prime Minister, has been arrested today and questioned as part of Scotland Yard's investigation into "Loans for Peerages".
For the avoidance of doubt "loans for peerages" essentially means that rich people could physically buy their way into a position from which to rule the country if they made a donation to the Labour Party.
This is far more serious than simple Party fund raising. I couldn't care less who or how people are convinced to give money to political parties. A seat at the table of power, however, must be earned not bought. People must see and hear what you stand for and must be as easily able to sack you from office as they were to elect you.
Let us also be clear that Lord Levy is joined at the hip with the Prime Minister in this situation. The PM takes full responsibility for anything that Lord Levy did. More significantly, it is unlikely that Lord Levy did anything without Blair's personal sanction.
In 1995, the calamitous "Cash for questions" affair blew up around a failing Tory government. An unfathomably stupid man by the name of Hamilton was alleged to have taken money in return for asking questions in the House of Commons. The media went beserk and, rightly, the death knell rang out for the Government and the reputation for sleaze was embedded for ever.
Cash for questions pales into insignificance when compared to loans for peerages. Firstly, it involved only a lowly minister. It reached no higher than that. And secondly, the questions did little more than reveal dull and specific information. They certainly carried no lasting or significant impact.
Now, however, we have a political fraud that reaches right to the pinnacle of our political system and is serious enough to merit police investigation and arrest; we have a political fraud that was sanctioned from the very top and was designed to leave a lasting and embedded impact on the future political landscape.
Our Prime Minister actually expects to be interviewed without coffee by the police. We have truly descended into the mire of corruption and deceit that we have long associated with basket case democracies. It is a day to be sad, angry and humiliated.
So what then is this legacy? Well for certain it is revealed in the timid and cowering approach being taken by the media. The most devastating story in British politics lies unprobed and untold whilst a full scale police investigation unfolds. All level of political reporter pleads ignorance and a lack of information. None surge forward to demand answers. Chief pundits play it down and pretend it is nothing.
Ten years of media bullying. That is the legacy to which I refer. A decade of bullying which leaves us with an impotent and shallow media. What hold does Blair have on these people? The 4th estate have sold out. But they should know that when the walls come down, anyone too close gets crushed.
Nulabour has been a lie and a sham from day one. It has been corrupt and sleazy from conception to old age.
It is ironic that this Government effectively legislated to put to sleep hundreds of loyal, hard working hunting hounds. Can there be any more appropriate an analogy?