'Vulnerable to blackmail?': Former federal prosecutor fearful Trump's taxes could put America in jeopardy

On Tuesday, The New York Timesdropped a bombshell report detailing a decade worth of President Donald Trump's tax information.

The report details that Trump lost billions of dollars over the year in taxes. Several pundits wondered about the impact of this new report. Former Obama communications director Jen Psaki told CNN's Erin Burnett that that report reveals why Trump could have been so easily influenced by Russia.

"I think it’s significant and problematic," Psaki said. "Not only does this kind of fly in face of how he ran for office, it shows him to be a fraud but it shows why he would be vulnerable to interests like Russia and other countries who are trying to convince him that they can help him out with his financial problems. We don’t know that happened. We haven’t seen all the proof. But this is an important piece that people will dig further into."

Former federal prosecutor Renato Mariotti tweeted that it could mean Trump is open to blackmail.

"What is Trump’s financial condition now? Is he in the red? Could he be vulnerable to blackmail?" Mariotti tweeted. "We don’t know because he has hidden his tax returns from Congress and the public."

Watch below via CNN: