Observations:
1. The shoe is on the other foot. In the past, Attorney Michael Cohen had the luxury of being Trump's loyal pit bull because he and Trump had the power to make their opponents' lives miserable. Now, Trump is president and accountable to the rule of law under powers he never before experienced; and now, the U.S. Attorney's office for the Southern District of New York has seized and is going through Cohen's records, computer and cell phone.
2. One of the things Cohen is being investigated for is bank fraud, the sentence for which can be up to 30 years in prison. Regardless of that, Cohen's ham-handed Stormy Daniels work is virtually certain to result in his disbarment.
3. Now under pressure in ways he has never been, Cohen's weaknesses are becoming evident. No wise attorney would voluntarily appear on an MSM news/talk show the day after his office, home, and hotel room have been raided by the FBI; but Cohen did. Cohen's instincts are insufficient and are failing him in these new circumstances.
4. Trump distanced himself from Cohen (threw Cohen under the bus) when he denied knowledge of the Daniels payment and referred the media to Cohen.
5. Cohen has been loyal to Trump for a long time but now, when it matters most, Trump is not responding in kind. With Cohen facing prison time, with New York investigators (not Mueller) now going through Cohen's records, and with Trump's track record of not protecting any of his supporters who have come under investigative scrutiny, there is a very strong possibility that Cohen will flip and become a cooperating witness against Trump.
6. Even if that does not happen, investigators have Cohen's records, which themselves have the potential to reveal much of what Trump has labored mightily to keep secret, and thereby increase the likelihood of impeachment.