Donald Trump has described the payments his bagman, Michael Cohen, made to two women during the 2016 campaign so they wouldn't discuss their alleged affairs with him as "a simple private transaction."
Last week, when ABC's George Stephanopoulos asked Mr. Cohen if Mr. Trump knew the payments were wrong and were made to help his election, Mr. Cohen replied, "Of course. ... He was very concerned about how this would affect the election."
But even if Mr. Trump intended that the payments aid his presidential bid, it doesn't necessarily follow that he knew they were wrong.
Mr. Trump might have reasoned that a deal is a deal: The women got hundreds of...