This frankly stinks.
If Cabinet ministers were outright pimping New Zealand citizenship to dubious foreign business people in return for party donations they would face criminal charges. Some of our politicians are far too supine and certainly lack judgment when it comes to approving applications by dubious investors to come here. But they are not venal.
So - despite the conspiracy mutterings on the blogs - National's political opponents who are now lining up to give the Key Government a solid bashing over the hapless Maurice Williamson's misjudgment are unlikely to "join the dots" or "follow the money" in that fashion.
That is because while our Cabinet ministers might seem unbelievably naive when it comes to making judgments over people like the two Lius, or Dotcom - there is no suggestion that investors are asked to stump up to party coffers in return for residencies or citizenship approvals at political levels.
Where it gets more complex is in what happens next.
There are unstated rules at the higher echelon of politics which all the players are careful to adhere too. The more cynical among us might label it as "form over substance". Investors see others welcomed at political party-hosted gatherings. They feel invited into the room. Expectations are created. Donations are made.
Some investors even get a bit crazy and overbid each other at auctions so they can win prizes to play golf with the Prime Minister, whose favourite charity happens to be his own party.
Is it really surprising that these rather questionable foreign investors read the political semaphore in the way they do?
So, Dotcom gets all hurt and vengeful when Act's minister-outside Cabinet John Banks doesn't deliver on the "anonymous" donations he made to the politician's earlier campaign to be mayor of Auckland. Dotcom believed he had made a transaction. He shopped Banks for welshing on the "deal". The courts will ultimately decide whether Banks did actively solicit for the two donations to be dressed up as anonymous to disguise their source.
Former Labour Immigration Minister Shane Jones was stood down by his leader while the Auditor-General was investigating how Bill Liu's immigration application was treated. The report certainly raised issues over Jones' judgment. His reputation was seriously damaged. There are still unanswered questions over Liu's donations to political parties. It was unseemly.
Now it's Williamson who is the latest politician to be caught pacifying the "Great God of Foreign Investment" at the expense of his own judgment.
It is notable that former Labour Immigration Minister Damien O'Connor was the first to override officials by approving Donghua Liu's residency. Williamson and Banks then successfully lobbied National Immigration Minister Nathan Guy to again override advice and grant Liu citizenship, which Williamson confirmed at a ceremony in his electorate office the next day.
A year later Liu made a $22,000 donation to National.
The Prime Minister was among the political cast who turned up for the launch of Liu's Boulevard hotel investment.
This is commonplace on both sides of Parliament.
What is not common is for a minister like Williamson to pick up the phone to the police on Liu's behalf after the latter was arrested on domestic violence charges.
Williamson has a tendency to indulge in operatic fluster when in a crisis.
Sure he didn't come out and brazenly tell the police to back off.
But the semaphore in his message was clear: "Not that I'm trying to interfere - but this is an important investor."
It doesn't cut it. Not as a minister either in or outside Cabinet.
Williamson - like too many of our senior politicians including Justice Minister Judith Collins with her pandering to Oravida's principals while she was supposed be in China carrying out her Justice portfolio duties - have been beguiled by relationships with "important foreign investors".
They should come down to earth.
The investors - like Liu and Stone Shi who has arguably had more ministerial attention than other NZ investors in the wake of the botulism scare - should not be treated differently to ordinary New Zealand citizens.
New Zealand's reputation will be damaged if they don't wake up soon.