When you put the pieces together the following picture emerges about the liquid explosives conspiracy:
* It was first penetrated by Pakistani intelligence in May 2005.
* British intelligence have been actively involved for more than a year.
* U.S. intel having been first made aware of the surveillance operation for at least several months.
* The Bush Administration decided the timing of the arrests a few weeks ago.
That makes this terrorist conspiracy as much a conspiracy of state as it is a real terrorist plot.