From the New York Times, I'm like a barrow. This is the daily.

Last week, when a civil court judge in New York ruled against Donald Trump,

he imposed a set of penalties so severe that they could temporarily sever Trump from his real estate empire and wipe

out all of his cash.

Today, my colleagues, Jonah Bromwich and Maggie Haberman, explain what that will mean for

Trump the businessman and Trump the candidate.

It's Friday, February 23rd.

Jonah and Maggie, thank you for coming in.

Jonah and Maggie, thank you for coming in.

Thanks for having us.

Thank you.

So last week, the judge overseeing one of the many cases against Donald Trump issued a ruling that put simply was a bombshell.

The single most devastating penalty really ever against the former president and that's what we want to talk to you about the fallout from that ruling and

we turn to you Jonah because you have covered the case day to day in the courtroom for months

and Maggie because you know Trump arguably better than anyone as one of his biographers.

Jonah just to start, remind us what this case was fundamentally about. So this case is about fraud and

specifically the New York Attorney General accused Donald Trump, his company, of

exaggerating the value of their properties.

That includes golf clubs, hotels, apartment buildings.

What the AG said that Trump did was take those things,

say that they were much more valuable than they

actually were, and as a result got better loan terms from banks, from insurers

...