Trevor Kavanaugh has a must-read piece on the Mandelson/Deripaska affair.
This is what happens when politicians don't keep their distance from shady business figures.
People focus on Mandelson or Osborne's judgement, but doesn't it say something about Gordon Brown's judgement? He brings Mandelson back into the Cabinet, and within a few weeks, this is what's happening?
Also see: US denied visa to Deripaska over alledged criminal connections