The FBI raids on President Trump’s lawyer Michael Cohen took the legs out of the market on Monday. As news broke at about 3:10PM, the Dow dropped 310 points into the close.
However the talk around the White House pointed to the coincidence of a fire at Trump Tower over the weekend just prior to this take down of Trump’s lawyer.The narrative goes that under the cover of the fire, federal agents entered Trump’s office in the tower to gather information. Todd Brassner, the victim in the fire, appears to be a good cover story since he was in dire straits financially, which came out very quickly after being IDed. Allowing people to speculate that he was despondent and could have started the fire. By the time the details of what caused the blaze comes out it will be a footnote with little news coverage.
The actions against Trump comes as the The Justice Department inspector general report is about to be released showing many older transgressions by the FBI during the lead up to the 2016 presidential election.
The raid on Cohen’s office — at 30 Rockefeller Plaza in Midtown Manhattan, a few blocks from Trump Tower — was allegedly to gather information on Cohen paying $130,000 in hush money to Stormy Daniels, the stripper who says she had an affair with Trump.
The office of special counsel Robert Mueller allegedly contacted the Manhattan federal attorney’s office to share information that would allow agents to get the search warrant. The bar for grabbing a personal lawyer’s papers is very high since the correspondence is privileged speech.
The Trump/Mueller showdown will come to a head very soon. Probably with Mueller’s firing coming about because of his actions that will be revealed in the Justice Department’s inspector general report.