Is Jones jumping?

Whale Oil blogs:

The tipline has been humming this morning with news about Shane Jones.

Several sources have confirmed that he is not happy with David Shearer for throwing him under the bus…the word is he even dropped the C-bomb in terse discussions with Shearer. He is set to announce his exit rather than wait around for up to year while the Auditor-General peers into his affairs as a minister.

Important to stress this is not verified, but I don’t think it is a surprise that Jones would be unhappy with what Shearer has done, considering that when the issue first arose Helen Clark refused to take any action at all. He would be thinking, why is there an inquiry three and a half years later?

UPDATE: I understand that one detail is not quite correct. It seems that Jones did not use the C word in the meeting with his Leader, but he used it afterwards in talking to other MPs about his leader!