00:00There's no suggestion that Lord Mandelson has done anything unlawful,
00:03but I would claim the friend's privilege to tell Peter that he has been, at best,
00:09naive and foolish, at worst, greedy and duplicitous.
00:14Whatever is true, as far as politics and public office are concerned,
00:18for Peter Mandelson, this is the end.
00:22The question now is whether the price of his misjudgment is to be paid only by the man himself,
00:27or whether those who trusted him and elevated him to the peerage
00:31and to one of the highest diplomatic posts available should also share in his ignominy.
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