Labour Engulfed by Loans Row

Maybe we won't see Helen Clark's pin-up boy here shortly afterall - seems Blair has been running a Peerage for Loans scam. This story seems to be getting legs fast. The deal is that loans to party coffers are not required to be disclosed. Only donations need get mentioned.

It raises a good question in my mind. Given the NZ Labour Party's propensity to copy all it can from its British alter ego - Pledge card anyone? - has the NZ Labour Party got around to raising funding in a similar anonymous way?