The NYT amazing report on Trump's post-election insanity helps explain why he has so many almost-certainly-illegal projects around the world.

Over the past 25 years, there has been an astonishing amount of illegal money flowing out of former Soviet Union and...

1/

other highly corrupt economies. Trillions of dollars. Broadly called money-laundering.

The sophisticated oligarchs used top law- and accounting-firms, banks, and big hotels to clean their money.

But there were many hack oligarchs.

2/
Who were too blatantly corrupt, too tied to terror or other bad actors, to use the "legitimate" forms of money-laundering.

Consider Azerbaijan's Anar Mammadov. He spent years and millions of dollars trying to get someone, anyone, in the US to work with him.

3/
Or Indonesia's Hary Tanoe, a man shockingly corrupt and crude even in a shockingly corrupt country.

Or the Tiah family in Malaysia. Or his partner's in Toronto, Panama, etc, etc.

These were very rich losers. They had too much risk to cross over to the legit economy.

4/
Until they met Trump.

The Trump Org, like the White House, did have some good lawyers. They wouldn't touch these deals.

So, Trump brought in Michael Cohen--who is less of a lawyer than Rudy, Lin, Sidney, and Ellis--from a taxi dispatch office in Brooklyn.

5/
And the Trump Org did have experienced real estate execs, but these deals were handled by Don, Jr., and Ivanka.

Trump refused to pay for the barest due diligence but did pay for fig-leaf assurances from pay-to-play "due diligence" firms.

6/
Much like with the election, he made a series of hugely risky and self-destructive decisions, was counseled against them, and then got a bunch of losers to back him up.

He got away with it because America barely prosecutes international white collar crime.

7/
The only reason he didn't get away with this coup (yet) is that people with power and resources had a strong incentive to investigate and stop him.

That has not, yet, happened with his business. (God damn you, Robert S. Mueller).

8/
Investigating the business will be harder.

But it's necessary.

In the end, it will find scenes much like the ones in the NYT story: Trump being told something is illegal, unethical, and risky, and then finding some bottom feeder who will tell him the opposite.

9/end

More from Trump

1. Yes, Trump will claim to intend to target GOP senators up for reelection in '22 (like he did to Thune with Kristi Noem) if they don't join in @HawleyMO's sedition on Jan. 6, but the fact is, it's not clear whether Trump will be successful in ANY of those efforts & voting yes


2. to hedge off these threats will also create fissures & fractures for these incumbents among other elements of their party that could complicate their renominations. Indeed, what worries me the most about the potential for the country to slip into @anneapplebaum territory is

3. that what should be robust and intense push back from the party establishment against actually ending democracy- bc that's what Trump's request would do, if it was granted, is fairly muted. What we SHOULD be seeing from the mainstream of the party is threats to strip committee

4. assignments, chairs, privileges, even reelection funds, if anyone gets involved in this bullshit- in the House & the Senate, and the fact that you don't see it is more than a story of McConnell & McCarthy being afraid of Trump & his base. Its a story of receptivity, of the

5. level of receptivity the congressional and party leadership is dealing with both within the rank and file membership of the party and within its donor class, and THAT, my friends, is why you find me so concerned. That, and my decision to finally pull @anneapplebaum's book

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