An astute legal friend of mine pointed out that there is a simple practical reason for the get-out-of-jail-free-card. Since Libby has been convicted, the prosecutors can no longer compel him to testify by granting immunity. Libby will never talk and there's no way to make him talk.
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Paul Krugman sums it up: http://www.truthout.org/docs_2006/070607E.shtml
" In other words, obstruction of justice when it gets too close to home is a family tradition. And being a loyal Bushie means never having to say you’re sorry."
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