A jury in Houston has just spoken and found former Enron CEO Ken Lay guilty on all six counts. Bush family sugar daddy Lay, who gave his close friend George W. Bush over $500,000 for his various campaigns, now faces a long stint in prison and perhaps the Grandma Millie treatment.

It will be interesting to see what President Bush has to say today, given his past denials regarding his long friendship with Lay. After all, when the Enron scandal first exploded, President Bush on January 10, 2002 offered one of the biggest whoppers of his presidency:

"I got to know Ken Lay when he was the head of the-what they call the Governor's Business Council in Texas. He was a supporter of Ann Richards in my run in 1994. And she had named him the head of the Governor's Business Council. And I decided to leave him in place, just for the sake of continuity. And that's when I first got to know Ken."

Sadly, a mountain of correspondence between Bush and Lay suggests otherwise. For more on the close relationship between George W. Bush and Ken Lay, see the Smoking Gun archives.