Alex Sanchez to be freed on bail

At today's bail hearing (ordered by the 9th Circuit), Judge Real reversed his earlier ruling of no bail and set $2 million bail for Alex Sanchez. WitnessLA.com has the best details regarding the bail hearing. This made my day.

UPDATE: Tom Diaz has been on the fence about this case from Day 1 and points out an interesting lack of coverage from the media about the case. To quote him, " if Sanchez is truly innocent, he has been the victim of terrible mistreatment. If he is guilty, he pulled off a scam that makes Ponzi scheme artist Bernie Madoff look like an amateur." Indeed.

The more I think about this, the more curious I become why Alex's attorney can't comment on the bail hearing. Was there a gag order? If so, why? Has there been some unusual bail conditions imposed on the defendant by Judge Real? What's going on?