Libby Found Guilty

On 4 of 5 Counts

NEW YORK TIMES: WASHINGTON, Feb. 6 — I. Lewis Libby Jr., the former chief of staff to Vice President Dick Cheney, was convicted today of lying to F.B.I. agents and grand jurors investigating the unmasking of a C.I.A. operative amid a burning dispute over the war in Iraq.

The question remains if there will be further investigations including Cheney's involvement and obsession with discrediting Joe Wilson and triggering the Plame leak. Initial reaction from prosecutor Patrick Fitzgerald indicates that as of now, "the investigation is inactive."

In an unrelated(?) note, the Dow is up over 80 points today and climbing since the verdict.

UPDATE: (5:04pm EST)

VP CHENEY: "I am very disappointed with the verdict. I am saddened for Scooter and his family. As I have said before, Scooter has served our nation tirelessly and with great distinction through many years of public service. Since his legal team is seeking a new trial, persuing an appeal, I plan to have no further comment on the merits of this matter until these proceeding are concluded."

How convenient. Oh, and the Dow closed up 157 points.