The Fall Guy: Libby Guilty!

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Former Vice President Dick Cheney's former chief of staff found guilty on 4 of 5 counts.

Obstruction of justice: Guilty

False statements to FBI (about conversation with Tim Russert): Guilty

False statements (conversation with Matt Cooper): Not Guilty

Perjury before grand jury (about Russert conversation): Guilty

Purjury before grand jury (about Cooper conversation): Guilty

Libby has been found decisively guilty of a coverup — although he was found not guilty of one count of lying to the FBI, he was found guilty of perjuring himself about that same conversation before the grand jury.

What happens to Scooter, is of course, less interesting. The storm "cloud" over the Vice President, to quote prosecutor, is now darkening. The vital thing going forward is whether the prospect of a few years in club fed is enough to make a loyal footsoldier like Libby rat out his old boss.

Developing...

UPDATE: Libby to seek a new trial, appeal.