BREAKING NEWS: Scooter Libby Found Guilty

Whoa, speaking of scandals... our poor Scootie!!

CNN.com: 'Scooter' Libby guilty on four of five counts

He was convicted of-

-obstruction of justice when he intentionally deceived a grand jury investigating the outing of CIA operative Valerie Plame;

-making a false statement by intentionally lying to FBI agents about a conversation with NBC newsman Tim Russert;

-perjury when he lied in court about his conversation with Russert;

-a second count of perjury when he lied in court about conversations with other reporters.

Not guilty on count 3 (false statement relating to conservation with Time's Matt Cooper)

More-

Libby, 56, faces a maximum sentence of 25 years in prison and a fine of $1 million. A hearing on a presentencing report is scheduled for June 5.

CNN senior legal analyst Jeffrey Toobin said, "He is virtually certain to go to prison if this conviction is upheld."

There's no question that President Bush will pardon Libby, of course. The only question is whether it will be soon or in January 2009. The best bet is that it will be the latter, with endless appeals through late 2008.

Still, this seems to be a good year for justice (slowly) catching up with this administration.

[UPDATE(S): Patrick Fitzgerald speaks following the verdict. Fox News reacts as expected. And, finally, some salient commentary on the larger scandal behind this investigation from Andrew Sullivan.

UPDATE #2: A good roundup/debunking of right-wing talking points- here.]