joining us is one of the "wall street journal" reporters who broke tonight's story, michael rothfeld,nk you for being it us. thank you for your reporting on this. what's the implication here. michael cohen ended up taking $774,000 combined in home equity loans in the month before the election? >> that's right, ali. so the question is, what prosecutors are looking at is whether any laws are broken in terms of how michael cohen may have gotten access to cash during this period to use to help solve problems for president trump to keep things quiet, such as the stormy daniels payment. or were any misrepresentations made, as you said, in his -- in his applications to banks or statements to banks or in terms of what kind of campaign finance laws may have been violated. what we found was that -- well, first of all in november 2015, michael cohen's in-laws refinanced an apartment and took $529,000 out of the equity from the apartment. and he co-signed the loan for that. so it's not clear what happened to that money. but it is unusual in the sense that he had never co-signed a mortgage for the