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New York Attorney General Informs Trump Its “Investigation is Criminal”

No Trump Comeback

One of the reasons I dismissed a big Trump comeback was belief that investigations into his finances and election dealings would turn criminal.

It’s now happened. 

The Probe of Trump Organization Finances is Now a Criminal Investigation.

“We have informed the Trump Organization that our investigation into the organization is no longer purely civil in nature,” said Fabien Levy, a spokesman for the attorney general’s office. “We are now actively investigating the Trump Organization in a criminal capacity, along with the Manhattan DA.” 

The Manhattan district attorney’s office is conducting an investigation into possible bank fraud and other potential crimes. Separately, the top local prosecutor in the Atlanta area is probing whether Mr. Trump improperly tried to influence election officials last year.

Don’t Overestimate Trump!

A close friend keeps telling me “Don’t underestimate Trump!” I believe he has things backwards. 

The curious thing is people, especially pollsters, underestimated Trump for two years before the 2016 election.

They underestimated him for four years in his presidency. 

They mostly underestimated him in the 2020 election. Then suddenly, after his defeat, people dramatically overestimated his chances in court.

Then Trump did the unforgivable leading up to and during the Capital riots. 

Yet, now that he is essentially a washed up has been with dwindling influence, people fear he might run again in 2024 and win.

Dwindling Influence

Trump’s influence is by no means gone. The ousting of Liz Cheney proves that.

But his influence has waned. He lost his audience on Twitter and social media.

Despite hype over a new Trumpian media outlet, where is it?

Now we have an announced criminal investigation. 

It’s unlikely to be the only one. As noted, the top local prosecutor in the Atlanta area is probing whether Trump improperly tried to influence election officials.

Time and Money

These investigations will be time and money consuming. They will take a physical toll on Trump as well. 

Don’t rule out a conviction.

Regardless, Trump is 74 and an aging dinosaur. He will be 78 at the time of the next election. 

Midterms

Trump and the party can continue to be vindictive, but no good can possibly come from it.

Blind loyalty to Trump will not win over the independents and swing voters. And it is independents and swing voters who decided the 2020 election. 

Republicans seriously need to get their act together for the midterms or we may see the most Progressive tax  and socialist policy push ever.

If Trump does not stand aside, the party needs to push him aside. 

Trump is a lost cause. 

Mish

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47 Comments
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Casual_Observer
Casual_Observer
5 years ago
Trump and his family are in deep trouble now that the investigation is criminal in nature. 
TexasTim65
TexasTim65
5 years ago
Trump is still in the news cycle now because it’s only 6 months on from the election. If you remember back to 2016, Hilary was still in the new cycle then about RussiaGate and how it cost her and there was speculation everywhere (including here) about her running again in 2020. Yet when 2020 came, she was barely a whisper on people’s lips.
Lets see where Trump is in 2024. It’s a long time from now and even if he never goes to jail or gets convicted of anything he may be no more relevant then than Hilary was in 2020.
MoralArmor2
MoralArmor2
5 years ago
You’re the lost cause; not Trump. How did you get an audience? Your judgement is $hit.
threeblindmice
threeblindmice
5 years ago
I’ll be very happy to never hear from Trump again.  I see the quandry the Reps are facing given the populist turn of the voter base.  Nor would it surprise me that he has crossed the line into criminality.  If so, he should be prosecuted.  At the same time, the AG of NY is a highly political person who would push legal theories as far as she could get away with if it helped her.  I’m reminded that NY citizens lost a double-jeopardy prosecution protection because NY state wanted to ‘get Manafort’.  This isn’t a defense of Manafort. It’s a defense of the rule of law.  I’m also reminded of the political pressures on banks and insurance companies that did business with the NRA.  I hope we can apply the laws justly.  No man is above the law and no man should be below it either.  For the sake of the rest of us.
Eddie_T
Eddie_T
5 years ago
Reply to  threeblindmice
No doubt Leticia James could make all kind of political hay off sending Trump to jail. I do get that. I’m sure she’s partisan, but she got elected AG. First woman and first African-American to hold that office in NY. I have no idea what her qualifications are beyond that. I guess we get to see what she’s got.
LarryK
LarryK
5 years ago
Sighhhh….  Here we go again with the counting him out again routine. Mish, I totally respect you and get why you dont care for Trump (even when you DID advocate for him back in 2016). He is NOT perfect, nor should we condone the cult of personality that swirls around him. On the other hand, there is an opposing cult of personality opposing him….and this is yet another example of it. Unless and until we put Hillary and Bill in jail for the Epstein stuff, lying to congress, the uranium deals, the Clinton foundation, etc., Im not going to get on board with selective prosecution like a third world banana republic. I doubt that is what you are advocating, but that IS where this is going.  Let’s agree on the good policies that Trump and his admin promulgated, and the America First philosophy that would benefit all of us. He was not perfect, nor anywhere near it, but this is just nuts.
threeblindmice
threeblindmice
5 years ago
Reply to  LarryK
Trump did do good things (First Step Act, Abraham accords, restrictions on CRT, NoKo talks).  And his opposition was ridiculous in its characterizations of him (I remember “concentrations camps for Muslim” being tossed around glibly.)  Yet, while he did not “capital letter I” incite the Jan 6th riots (the legal standard), he did “lower case I” incite them.  That’s a bridge too far for me.  Yes, the Dems delegitimize elections too, with Russiagate, voter suppression stories, attacks on the electoral college, and social media suppressing news unfavorable to dems.  I’m not ignoring any of that.  Yet…. the Capitol Riot was really, really bad, symbolically.  Am I allowed to despise both Trump and many Democrats?
njbr
njbr
5 years ago
Reply to  threeblindmice
…Abraham accord…
Peace in our lifetime?
Eddie_T
Eddie_T
5 years ago
Reply to  njbr
I despise Trump and MOST Democrats…..not to mention most Republicans, especially the ones from Texas.
ajc1970
ajc1970
5 years ago
Reply to  Eddie_T
These are the correct political positions.
Lance Manly
Lance Manly
5 years ago
Reply to  threeblindmice
LOL the NoKo talks,  NoKo did not have a thermonuclear weapon or a means to deliver it before Trump.  Now they do.  Winning!
LarryK
LarryK
5 years ago
Reply to  threeblindmice
Not really sure how saying “peacefully march to the capitol and let your voices be heard” is incitement? He had a LEGITIMATE case to be made that the election may have been compromised, and is typical when things like this are ignored, the pressure builds. I mean how can anyone say that “the courts unanimously reviewed the claims and found no evidence of fraud”, when literally EVERY court action that was filed was dismissed due to technicalities such as lack of standing (then who does?) claims that were made prior to the election that were rejected as there was no actual basis yet, then dismissed again as they were made after the fact (so when can you make the claim?), etc. If the courts would have at least opened one legitimate inquiry in each state that there was a claim of fraud made, they could have settled this before inaugural day. They didnt….and that makes the entire situation worse. Lets be honest, the democrats clearly didnt want Trump in, and neither did the establishment republicans. If I were to just objectively look at this….there was indeed fraud, and it was agreed to by all the parties that were threatened by a Trump victory. It would have happened too except Trump got a lot more of the vote than they expected. Thats when the vote counting was stopped, dumps came in, votes were allegedly manipulated/switched, etc. And now they all fight intense audits. Again….I think we can agree that Trump had many issues, but the way that this all went down created a lot of anger and resentment, that continues to this day, in the population. When I smell rot, I like to turn over the garbage and find out what’s going on. This whole thing smells and Trump should NOT be legally harassed just to keep him out of the political game. Its going to backfire and just make him stronger. Look at Lula in Brazil as an example….they pulled that crap on him, and now its going to backfire hard.
ajc1970
ajc1970
5 years ago
I just find it hard to believe that Trump was at all involved with his taxes, other than signing off once his team of lawyers and accountants finished.

Other billionaires aren’t going to like it if Trump is held accountable in that situation, so I presume that he won’t be.

LM2022
LM2022
5 years ago
Reply to  ajc1970
I would love for him to try and make that argument in court.  “Your honor, I just SIGNED my tax forms.  I didn’t commit any of the fraud though”. 
ajc1970
ajc1970
5 years ago
Reply to  LM2022
I know that argument doesn’t hold up.
Which is why other 0.1-percenters probably never like to see that argument make it to court. My assumption is that all of them just sign their names on something they haven’t reviewed.
njbr
njbr
5 years ago
Reply to  ajc1970
With respect to the money, Trump is a micro-manager, cheapskate and chiseler.  Who else would pay for Don Jr’s Boy Scout dues ($7.00) from a Trump controlled “charity”?
That’s why Weisselberg’s flipping is such a key.
numike
numike
5 years ago
Capitol Rioters’ ‘Trump Defense’ Comes Up Again And Again. Will It Make A Difference? https://talkingpointsmemo.com/news/capitol-rioters-trump-defense-comes-up-again-and-again-will-it-make-a-difference
Zardoz
Zardoz
5 years ago
It’s going to be fun watching the astonishment of all his loyalists as he chucks them under the bus, one by one, to save himself.
The members of Meal Team Six rotting in jail over the capitol insurrection were an appetizer… the bus wants the big fish now.
Under the bus they go! 
Rbm
Rbm
5 years ago
Trump may be done but he has his finger in the mix and a whole bowl fruit cakes willing to follow the same model.  The trump movement is a crazier version of the tea party movement.  
If trump cant protect himself by being in office. He will try to protect himself by controlling the politicians under him.  By money or his popularity with the far right  
KidHorn
KidHorn
5 years ago
Whether or not Trump is a serious candidate in 2024 depends entirely on who else the potential republican candidates are. And right now, it doesn’t look like any of them will be any good.
davebarnes2
davebarnes2
5 years ago
Looking forward to Fredo’s (Eric Trump) trip to prison.
Carl_R
Carl_R
5 years ago
I don’t think I overestimate Trump, or underestimate him, primarily because I make no predictions about what he will actually accomplish. Rather, I simply recognize Trump as a great evil, and fear the harm he is capable of causing. He has done much to rip our country apart, and it will take a very long time for it to heal, if it ever can. He has empowered the liberal extremists to an extent never before seen, and it is unlikely that that will be undone anytime soon. The longer he remains a major force in the Republican Party, the worse the damage he will cause. Can he come back and win the nomination again in 2024? I hope not, but it certainly is possible. Our country will be the worse for it, if he does.
Zardoz
Zardoz
5 years ago
Reply to  Carl_R
If he runs again, it’ll be 4 more years of Biden.  He barely squeaked in the first time, and lost the GOP massive support afterwards. No way he can win…. no matter how many flags his worshipers wave.
ajc1970
ajc1970
5 years ago
Reply to  Zardoz
Biden won’t run again.
If he makes it to 2024, that election will feature a fierce primary with Harris as the front-runner.
If for some reason Harris replaces him in the Oval Office before then, she’ll be able to line up support to suppress any credible primary opponents, and 2024 will be Harris vs. GOP.
I doubt the GOP will nominate Trump, but if it does, it’d be Trump v Harris, not Trump v Biden.

Also, I don’t think Biden will make it through 2024.

Lance Manly
Lance Manly
5 years ago
Reply to  ajc1970
Harris will not throw Biden under the bus, no reason.  Her time will come.
“Also, I don’t think Biden will make it through 2024.”
That is throwing some serious shade.  I may dislike trump but I would never predict his demise.
ajc1970
ajc1970
5 years ago
Reply to  Lance Manly
It has nothing to do with me liking or disliking Biden.
You realize how old he is?  You’ve seen him over the last 2 years, right?
And I’m not predicting his demise.  I’m predicting that between resignation for health issues, the 25th, and his demise… the odds of any one or more of those 3 happening in the next 3.5 years is > 50%.

If you had to bet one way or the other, even money, are you saying you’d bet that Biden is still president on Jan 19, 2025?

thimk
thimk
5 years ago
paging Ron Desantis …..
Lance Manly
Lance Manly
5 years ago
I am not sure on the socialist policy push.  I have not seen anything about the means of production being taken over by the state.
“A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.”
threeblindmice
threeblindmice
5 years ago
Reply to  Lance Manly
You’re technically correct.  The push from the left is to control corporations with taxes and regulations.  To co-opt their missions from products, services and profits to social causes approved by leading politicians.  This is actually closer to fascism to socialism.  Fascism doesn’t necessarily have a racial component (Neither Mussolini nor Franco’s did, I believe), but is the cooperation of labor, industry and government to achieve government-directed goals.  Of course, it is equally dangerous and should be opposed.
Lance Manly
Lance Manly
5 years ago
Reply to  threeblindmice
Ok, so you don’t understand the difference between economic and political structures.  Got it.
njbr
njbr
5 years ago
…If Trump does not stand aside, the party needs to push him aside….
Is that a realistic expectation for a party that can’t come down even a tiny bit on a Matt Gaetz to drop Trump, the guy that is Viagra to their tiny, little souls?    
njbr
njbr
5 years ago
Criminal?
How could it not be?
Weisselberg’s featherbed of private school tuition and apartments from the Trump Organization for his kids are a mighty lever to open up the books.  He’s probably agreed to testify which would clearly address intent.
Eddie_T
Eddie_T
5 years ago
I took profits on the GLD fun trade yesterday before the close. The dollar daily cycle and the gold daily cycle are getting long in the tooth. I think the dollar has turned back up overnight…. I might have been a little early, the real resistance on gold is around 1880, but after such a sharp move up, I expect a correction within a few days.
Eddie_T
Eddie_T
5 years ago
Reply to  Eddie_T
I’m considering changing to GDX as my gold proxy, if I can catch a good dip on one of these days when equities take big hit. Today is possibly such a day, imho.
Eddie_T
Eddie_T
5 years ago
Reply to  Eddie_T
My, gold certainly is bullish today. Blew right through 1880. Maybe we test 1900.  
Eddie_T
Eddie_T
5 years ago
Reply to  Eddie_T
Bought GDX here at 39.30.  I expect equities to turn up from here. Not sure about gold. It might have a lot further to fall. I’m setting a stop at 39.
What a fun day.
TexasTim65
TexasTim65
5 years ago
Reply to  Eddie_T
Cryptos are crashing big time on news about China’s crackdown on them.
So money is flowing into gold.
Eddie_T
Eddie_T
5 years ago
Reply to  TexasTim65
CCCPC no likey bitcoin. Likey digital renminbi. 
Carl_R
Carl_R
5 years ago
Reply to  Eddie_T
Here’s another view on gold/silver, a view from May 3, before the breakout:
Since then, they have confirmed his breakout, and per his forecast, have a lot of potential upside left.
Eddie_T
Eddie_T
5 years ago
Reply to  Carl_R
Thanks for that link. His view is not that different than my personal view. I think his DXY chart is great, although I wouldn’t look for that lower level (84) on this move down. But gold is still moving in a different direction than Uncle Buck. The DXY is important, at least for now.
I look for gold to go much higher. I just expect a short retreat soon into a daily cycle low, which might be over very quickly. I’d like to stay long GDX for a while. But I still have my stop on for the moment.  🙂  
Gold is getting fun to trade. 
Eddie_T
Eddie_T
5 years ago
Reply to  Eddie_T
Well, I got stopped out. That was quite unexpected. I shoulda bought the dip on bitcoin. lol.
Rogue_Onesie
Rogue_Onesie
5 years ago
Well said Mish, well said.  Let’s give thanks to the 3rd pillar of democracy, upholding the rule of law.  Lord knows the spineless “Re-Trumpicans” of the 1st pillar have done enough to weaken it.
Applause for the unanimous Supreme court decision yesterday affirming warranted-only police searches.
Dr. Manhattan23
Dr. Manhattan23
5 years ago
Reply to  Rogue_Onesie
100%  Agree on “unanimous Supreme court decision yesterday affirming warranted-only police searches”
One of the most important decisions in recent memory gets very little media attention.
Dr. Manhattan23
Dr. Manhattan23
5 years ago
I don’t think Trump will run in 2024, but I think he can be very effective at raising money for the Republican party. He certainly has enough pull to affect the midterm elections. With that being said, I still think this is a fight, in both parties, between the old guard and the new guard of politicians. The dinosaurs simply don’t want to give up control in either party and there is a lot of turmoil as a result. Frankly, a 25/30/35 year old isn’t going to listen to an 80 year old, no matter party affiliation. I always looked at Trump as a symptom of a problem, rather than the cause. Just my opinion
Carl_R
Carl_R
5 years ago
Don’t forget that, as effective as Trump is at raising money for Republicans, he is even more effective at raising money for Democrats.
Eddie_T
Eddie_T
5 years ago
I only wish the morally and ethically bankrupt group of political hacks who jumped on the Trump bandwagon (many of whom wouldn’t have had anything good to say about him prior to 2016) could see how much they’re hurting the country with their attempts to keep the Trump base showing up. Frankly, I doubt they care, as long as it profits their own re-election chances.
I don’t give Trump great chances for a comeback, and I’ve always welcomed criminal indictments…..well, because I think he’s always been a criminal, one who has gotten away with a lot, just because of who he is and who his Daddy was.
Rbm
Rbm
5 years ago
Reply to  Eddie_T

In for a penny in for a pound.   At some point going down (the big lie road) you cross the line of opportunist politician and become a seditionist     

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