Update: Hastert, I did nothing wrong and I did Nothing Wrong.

The early rumors were that Hastert had prevailed on Louis Freeh, ex FBI Chief, to head an investigation. Apparently not. Not clear yet who is to do this investigation.

The House Ethics Committee has also decided to do an investigation, having sent out about 4 dozen subpoenas. Howard Berman (D-CA) will be on the sub-committe. Interesting.
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CNN is reporting at 9:30a.m. that Hastert will have a news conference within the hour. The bloggies are abuzz with whether it will be an outright resignation, or a promised one.