Appearing on MSNBC, Suzanne Craig explained why today's ruling was such a blow to the former President and his New York-based company.
Judge Arthur Engoron, on Tuesday, found Donald Trump liable in a lawsuit accusing him of major fraud. Craig told MSNBC:
"And I have to tell you, I looked at this and I did a double take," Craig confessed. "It is a huge loss for Donald Trump and a huge win for the attorney general. What the judge has found is that Donald Trump, on this main count, about the inflation of assets, that in fact he's been found liable for that. They've determined he did, in fact, overvalue his assets again and again and again. And they've not only done that, the judge has called for the cancellation of all the defendant's business certificates in New York."
The economics reporter would close the segment by noting, "But in the short-term today this is a huge, huge blow for the Trump Organization."
You can watch a video of the comments below, courtesy of MSNBC: