Cohen explains how he came to make Daniels' payment
"Would you have ever paid the nondisclosure agreement for Stormy Daniels on your own?" prosecutor Susan Hoffinger asked Michael Cohen after he detailed his efforts to find an alternative sdolution.
"No ma'am," Cohen responded. "It's $130,000. I was doing everything I could and more to protect my boss, which is something I did for a long time but I would not lay out $130,000 for an NDA needed by someone else."
Cohen described frantic days to finalize the NDA with Stormy Daniels. "If this matter wasn't resolved it was going to be catastrophic to Mr. Trump and the campaign," Cohen said.
Cohen said he asked AMI's David Pecker and Dylan Howard to front the money, but Pecker balked. "I cannot do it again," Cohen quoted Pecker saying, consistent with Pecker's testimony that he wasn't a bank.
Cohen testified that he ultimately used a home equity line of credit to finance the Stormy Daniels payoff because he was too afraid his wife would find out otherwise.
"I elected to use money that was in the HELOC because my wife, who was CEO of the household, would not understand if there was $130,000 missing from our joint bank account."
Many of the jurors keep their eyes locked on Cohen as he responded to this line of questioning.
Donald Trump eyes remained closed.
Cohen, on the stand, let out a sigh.