Posted by Hardy Parkerson, Atty. on 11/29/03

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Dear Counsel.Net Friends,

Now that the Supreme Court has ruled 5-4 that
I.O.L.T.A. is legal (not moral, nor ethical), why not
take all the money that Sheriffs hold for bailbonds and
put it out to interest and give the interest to he bar
foundations? Why not take all the money held by untility
companies for utility deposits and put it out to interest
and give the interest earned off that money to the bar
foundations? Why not take all the money collected by
churches and put it out to interest and give the interest
to the bar foundations. No difference that I.O.L.T.A.
Pretty good idea! I.O.L.T.A. is not a matter of whether or
not it's legal. The Supreme Court has ruled 5-4 that it
is. It's a matter of business ethics. Is it ethical?
It's a matter of theology. It is moral and honest? Must
be, if the Supreme Court says it is. But what about those
four Supreme Court Justices that say, "No, it's not
legal!"? There is more to it all than this, but this is
something to think about.

HMP

Re: IS THAT THE REAL HUNTER THOMPSON?, 12/06/03, by Hardy Parkerson, Atty..

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