Here's my take on Cohen: This is just step one. Cohen knows stuff about Trump, but he's not as valuable an asset as Weiselberg. Pecker has stuff on Trump (and lots of others), but he has First Amendment complications. Cohen is, at best, second string. But, his sentencing isn't until December - after the election. Manafort's second trial hasn't happened yet, either. There is plenty of time to deal if necessary. He just might not be necessary.