All’s well in Trump Land! Or maybe not:

This is fine:

Federal prosecutors in Manhattan are investigating whether President Trump’s 2017 inaugural committee misspent some of the record $107 million it raised from donations, people familiar with the matter said.

The criminal probe by the Manhattan U.S. attorney’s office, which is in its early stages, also is examining whether some of the committee’s top donors gave money in exchange for access to the incoming Trump administration, policy concessions or to influence official administration positions, some of the people said.

The investigation represents another potential legal threat to people who are or were in Mr. Trump’s orbit. Their business dealings and activities during and since the campaign have led to a number of indictments and guilty pleas. Many of the president’s biggest campaign backers were involved in the inaugural fund.

The investigation partly arises out of materials seized in the federal probe of former Trump lawyer Michael Cohen’s business dealings, according to people familiar with the matter.

Surely it’s nothing. If there’s one thing we know about Donald Trump and his many associates, it’s that they like to make sure everything’s always above-board.

And just in case this wasn’t enough fun already:

Excellent. Just excellent.

Apparently not.

They’d be rightly outraged. The morality of alleged illegal activity shouldn’t be dependent on political party. Wrong is wrong. And if Donald Trump or his associates are indeed guilty of illegal activity, they need to be held to account.

But in the interest of balance, here’s another way of looking at the Wall Street Journal’s report:

Still, this really doesn’t look too good for Team Trump.

Better buckle up … this is gonna get a lot bumpier before the smoke clears.

Editor’s note: This post has been updated with additional text.