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From the New York Times, I'm Michael barbaro.
This is the Daily last week, when a civil court judge in New York ruled against Donald Trump, he imposed a sense 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 23.
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.