Libby Indicted, Resigns

Indictment. Five counts, 2 false statement, 2 perjury (max 5 years/charge), 1 obstruction of justice (max 10 years). Guidelines

Josh Marshall:

"An indictment is always the prosecutor's case, unrebuted by the defense. But Fitzgerald seems to make a very powerful case that Libby repeatedly made claims under oath that he simply must have known were false. We'll have time to go over the details as time goes on. But that's my sense from a quick read."

Fitzgerald just stated at his press conference that the inquiry is not finished, and did not give a date as to when it would be completed.

Fitz: "We might as well just give up our jobs" if we do not prosecute perjurers.

These charges are very serious. However, as of yet they are just charges not convictions. Remember there still will be a trial where Libby will present his case. But things are not looking good for Mr. Libby (and possibly other members of the Admin).