Trump has been acting guilty for a long time, but he's really lost his shit (as kids say) since the warrant was executed on his lawyer's office and residences. One theory would be that, while Mueller might uncover x, y, and z, the keys to the kingdom are in Cohen's files: the entire enterprise, not just Trump U, is a criminal fraud, and his consigliere has--had--the proof. Plus, there are now so many hard-asses investigating Trump that the possibility of firing his way clear has receded. Adam Davidson, in the New Yorker:
The narrative that will become widely understood is that Donald Trump did not sit atop a global empire. He was not an intuitive genius and tough guy who created billions of dollars of wealth through fearlessness. He had a small, sad operation, mostly run by his two oldest children and Michael Cohen, a lousy lawyer who barely keeps up the pretenses of lawyering and who now faces an avalanche of charges, from taxi-cab backed bank fraud to money laundering and campaign-finance violations.
The theory has considerable explanatory power. Trump's tax returns, for example, would crack open the shade on the "small, sad operation," and are thus eternally off limits, "under audit." I think an under-reported "lesson" is that there must be in our country an almost unfathomable amount of white-collar crime that goes undetected, unprosecuted, and unpunished. Manafort, Gates, Cohen, Trump's kids, Trump himself--these are just a few of the people who had been breaking laws for years and years and would have kept on forever if Trump hadn't become president. To destroy you, the gods must first allow you to succeed.
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