Sir Whitewash O'Donnell was duty bound to find that Fox had breached ministerial codes by inviting his friend to meetings at the MoD, taking him to to 18 different countries, allowing him to give the impression of being the 'official' at meetings with defence equipment providers, and appearing to be oblivious to the fact that the man was handing out cards sporting the portcullis logo and the annotation: 'Advisor to the Rt Hon Dr Liam Fox MP'.
No, there no other conclusion to reach. After all, even Fox had admitted that he had blurred the lines between professional and personal relationships with his friend.
Clearly, as usually happens in these matters (it was shown in "Yes Prime Minister" and according to Craig Murray, happens to this day), the terms of reference for the inquiry, agreed between Cameron and O'Donnell, are so narrow, that almost nothing of damage to the government can possibly come to light.
The list of questions that O'Donnell and his staff have failed to ask is far longer than the list that they have actually asked. Fortunately, however, we live in a world where the witterings of people like O'Donnell, whilst they may constitute the official report on the subject, are not the beginning and the end of these matters. Doubtless there will be many theories about the relationship between Werritty and Fox promulgated on the internet by bloggers are well informed as Craig, and as badly informed as me, and those of us with a mind to will believe what we think to be right.
With enough pressure from the blogosphere, the mainstream press will hopefully be prodded into further investigations, further discoveries, and doubtless further embarrassment for the government (as happened this weekend when, following a lead from Craig, various papers printed stories about the connection between Werrity and Mossad, and the pair's connections with Atlantic Bridge amongst other things not covered in the official inquiry.
It makes you wonder what they think they will achieve by trying to hide facts from people. The internet has changed all that, and no one in government seems to have realised it.
One thing that may come as something of a surprise to members of the public, and most particularly government employees who are facing redundancies and cut wages, is that Fox, who resigned (rather than was sacked) because, at very least, he broke his contract of employment, will receive a pay off of £17,000. Remember that this man hasn't lost his other job. He is still an MP on a salary of around £66,000, three times the UK average. He won't have to cancel his holiday, sell the car, start shopping for clothes in Oxfam, or eating Morrison's "Value Label" food.
He'll still be rich, still have his generous salary and his excellent expenses package. If the man had had a shred of decency he would have made it clear at his resignation that he wanted no compensation from the British taxpayer for having lost his job by letting them down.
Refusal to take the money now is too late. It will look like he is reacting to criticism.
We are left with the impression of a self serving, greedy and stupid man.