It' a strange and rare day when Mr. Doom N. Gloom uses the H word. But this news warrants it.

State prosecutors in Manhattan have subpoenaed President Trump’s accounting firm to demand eight years of his personal and corporate tax returns, according to several people with knowledge of the matter.

We can't expect much from the Federal prosecutors in New York. There's a reason why Preet Bharara was canned. Obviously, this latest development has some connection to the Michael Cohen proffer. Stormy and Karen may eventually prove to be Trump's undoing, but right now, they aren't nearly as important to me as the possibility of seeing those tax returns.

Of course, Trump will fight this all the way to the Supreme Court, if he can. And he controls the Supremes. So there's not that much hope.

Added note: An NYT reader submitted this comment...

His accounting firm got the subpoena, and it is a State subpoena. Trump has no control over it.

Can Trump's attorneys somehow stop the accountants from complying with that subpoena? I suspect that a whole lotta history hangs on that question.