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Has the 3rd Court of Appeals found a solution to the liquidity crisis?

Speaking of Judge Diane Henson and the Third Texas Court of Appeals, she spoke up recently to criticize her colleagues' decision in the Tom DeLay money laundering case - a ruling that's an almost caricatured, extremist example of appellate judges identifying the outcome they want, then crafting a contorted opinion to get that result.In order to exonerate defendants in the Tom DeLay money laundering case, a three-judge panel (all Republicans, Henson is a Democrat) came to the conclusion that "money laundering" under Texas' law does not include transactions involving checks! I can't imagine that standard applied to any other type of money laundering, can you?Now that I think of it, though, perhaps the judges hoped to solve the nation's raging liquidity crisis with this decision? It might work! Given the current credit crunch, perhaps if Texas excludes checks from its money laundering statutes it would encourage billions in new deposits from drug dealers around the planet into Texas banks and miraculously save the economy...continue to full post

Full post as published by Grits for Breakfast on October 08, 2008 (boomark / email).