“Being a jerk is not a felony”—this was the consensus among pundits within days of John Edwards’s indictment for violating campaign finance laws by inducing two political donors to pay the living expenses of his mistress, Rielle Hunter, and their child, while a former campaign aide posed as the child’s father.

It’s still hard to absorb the magnitude of Edwards’s moral offense, and “jerk” hardly does it justice, but let’s assume that Ruth Marcus of The Washington Post, quoted above, and election law professor Rick Hasen are right that funneling money to a presidential candidate to cover up his extramarital affair and secret child is not a campaign contribution, as the prosecutors contend, but a personal one. It’s less like a campaign ad, and more like the haircuts that Edwards’s centenarian donor Rachel “Bunny” Mellon originally offered to pay for. Ari Melber of The Nation identified one decisive point in favor of that argument: It would be illegal for Edwards to have used campaign funds for such purposes, so it’s implausible for prosecutors to define them now as campaign spending. But what, then, does the Edwards indictment represent?

Marcus and her Post colleagues worry that the Edwards case is an example of the “criminalization of politics,” which they see as a pervasive problem running through the prosecutions of Lewis “Scooter” Libby, Tom DeLay, and various other figures of both parties. “Criminalization of politics,” though, implies that hardball political tactics and fights, like DeLay’s partisan redistricting, have been transferred to the venue of the criminal justice system. Edwards’s deceptions, however, are hardly routine politics, nor are they extreme versions of ordinary tough-guy politics, and, at any rate, his days as an actual political player are long past. Instead, what the Edwards indictment reveals, by its weakness, is just how routine it has become to move money in large and potentially corrupting amounts in support of politicians outside of the normal, regulated campaign finance system. Bunny Mellon’s and Fred Baron’s payments to secure John Edwards’s secret may not have crossed the letter of the campaign finance law, but they surely held the potential for corruption, in that Edwards’s obligations to them—had he kept his secret and won the power of the presidency—would have been beyond measure.

The non-campaign contributions at issue in the Edwards case are but a tiny slice of the unseen money that sluices through our politics these days. There was, for example, Edwards’s own period of employment, if that’s the right word, as a senior adviser to Fortress Investment Group, a hedge fund. While we know to the decimal point how much Fortress’s employees donated to his campaign ($167,460), and exactly who gave it, we have no way of knowing whether the $7.5 million he reported in Fortress fund assets was compensation for his advice, or whether he even gave them any advice. The same is true of several other political figures who took the EZ-Pass lane through hedge funds and came away millionaires, including Rahm Emanuel, Al Gore, and Larry Summers.