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Think as walter observed this is really difficult sticky situation the president has found himself in. >> the new york attorney general sent letters to the irs and the fec. you want to talk moo me about that, walter? >> yes, so the ooeirs has the authority to ban the president or three of his kids rather from having any involvement from nonprofits for ten years. there's significant penalties under both the irs and the fec angles. the irs complaint has two components. it alleges that he just simply used this as a certainly piggy bank for himself, settling claims and buying himself a gigantic po...

Donations to $500,000 total to five different groups in iowa be made at a key moment in the campaign. so this is the campaign manager asking for these favors to be done by the foundation. i think as walter observed, this is a really difficult, sticky situation the president has found himself in. >> the new york attorney general sent letters to the irs and the fec. you want to talk to me about that, walter? >> yeah. so the irs has the authority to, for instance, revoke their status as a nonprofit, to ban the president and two of his kids -- or three of his kids, rather, from having any involvem...