The fun story is that apparently Blago was trying to auction off Barack Obama's Senate seat and was offering to help the struggling Tribune Company sell off Wrigley Field, as long as it would fire certain editorial writers at the Chicago Tribune that were proving peevish to Blago.
Not to put too fine a point on it, but this guy is a moron. He had to know the feds were listening in on his conversations – in fact, he as much as invited them to do it. Per the Chicago Tribune:
"I should say if anybody wants to tape my conversations, go right ahead, feel free to do it," he said. "I appreciate anybody who wants to tape me openly and notoriously, and those who feel like they want to sneakily, and wear taping devices, I would remind them that it kind of smells like Nixon and Watergate."
Apparently, so does Blago. A good rule of thumb for a corrupt politician: the best way to come acropper is to yell, "come and get me, copper!" More to come.