A trap of his own making
Estrada himself leaked what the verdict would be, and in general, the scuttlebutt prior to the reading of the verdicts indicated the eventual ruling (I didn’t go into this, but the scuttlebutt was this: some sources said, conviction for perjury but acquittal for plunder: this was actually the scuttlebutt for some time until yesterday; others, acquittal for perjury but conviction on all counts of plunder; the most accurate came late in the day yesterday, and it was: acquittal for perjury and conviction on two out of four counts of plunder, which proved exactly right)…. As it is, Estrada’s Supreme Court appeal might take 1-3 years; meanwhile, he does have a kind of new lease on political life by refusing administration offers of a presidential pardon or a congressionally-sanctioned amnesty; we have a scheduled presidential election in 2010 and he can then ask for or receive a pardon from the next president (I didn’t go into how his ability to extract a pardon might be improved by his backing a candidate in 2010). Until the appeals process is exhausted, it seems the confiscation of Estrada’s bank accounts and New Manila property will be on hold, and he won’t be deprived of his ability to sign contracts and checks before then.How are Estrada’s urban supporters taking it?Asking around, I was surprised to hear that many of his supporters were in shock.
