So, the truth is revealed. But of course, according to Trump, it is "fake news by the failing NY Times." A couple of minor points to consider:
1. The only things fake in this news are the lies Trump tells about his success as a business person and the size of his wealth. Being from NY originally, I have many contacts there in my former profession, banking. I can assure you that there is not a single US bank of any renown that for the last 25 years would lend Trump a nickel, let alone the hundreds of millions of debt he currently owes. He was always considered a bad joke in NY business and banking circles. He was never allowed to sit at the adult table there.
2. Trump is a fraud, a liar, a con, and a cheat just as Michael Cohan has said. And yes, he is a racist as well, which Michael Cohan has also said. Michael Cohan is no paragon of virtue, but on Trump, he has been and is now telling the truth.
3. Trump has repeatedly cheated his customers, his suppliers, tax authorities, shareholders, and business partners, and, oh yes, even his family members, including his former wives, likely Melania as well. He is now involved in his biggest con of all on the American people and in particular his followers who believe he is doing anything at all to help them. He is not. He cares only for one person in the entire world, himself, every minute of every day. He has no deeply held beliefs or moral values whatsoever.
4. He will not only go down in history as the worst President of all time, but a terrible business person, pathological liar, a crook, a cheat, a racist bigot, and a man with no moral core at all.
It is about time that we start to hear the chant of "lock him up" from those who have supported him. However, they have sold their souls to this devil and I expect they will continue to follow him into hell no matter the cost.
As for Republican legislators, they care only about power and preservation of their own positions. Do not expect them to display any convictions, moral courage, or commitment to our Constitution or democracy. That ship sailed long ago. The only answer is to replace them. Trump has so corrupted the entire Republican party that there are none left to save it. The best answer for Republicans is to burn the party down completely and start over with a new Conservative Center-Right Party. It should only take them a decade or two to repair their image following Trump's single term in office.