DeLay Convicted of Money Laundering

 You have probably read this all over the news sites and the blogosphere, so it's not exactly new news. But it is very interesting and breaking. Today former House Majority Leader Tom DeLay of Texas was convicted of two different counts of money laundering.

"This is an abuse of power. It's a miscarriage of justice, and I still maintain that I am innocent. The criminalization of politics undermines our very system and I'm very disappointed in the outcome," DeLay told reporters outside the courtroom. He remains free on bond, and his sentencing was tentatively set to begin on Dec. 20.

Prosecutors said DeLay, who once held the No. 2 job in the House of Representatives and whose heavy-handed style earned him the nickname "the Hammer," used his political action committee to illegally channel $190,000 in corporate donations into 2002 Texas legislative races through a money swap.

Of course, this trial is just finishing as  New York Congressman Charlie Rangel may be sent to prison but more likely censured over his own financial dealings. These are widely seen as corrupt and relatively similar to those facing DeLay.

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