There is now a concrete storyline backed by irrefutable evidence: The FBI allowed itself to take political opposition research created by one party to defeat another in an election, treated it like actionable intelligence, presented it to the court as substantiated, and then used it to justify spying on an adviser for the campaign of that party's duly chosen nominee for president in the final days of a presidential election.
And when, nine months later, the FBI could not prove the allegation of collusion between Trump and Russia, unverified evidence was leaked to the media to try to sustain public support for a continued investigation.
Deputy Attorney General Rod Rosenstein created the special counsel under fraudulent pretense. That origination material (Ohr 302's, FISA pages, origination EC, and Page/Strzok messages) is now a risk to the Deputy AG.
This entire episode has Her Majesty's Secret Service's fingerprints all over it. Steele's key role is plain enough: here was a British spook who was not only hired by the Clinton campaign to dig up dirt on Trump but was unusually passionate about his work – almost as if he'd have done it for free. And then there was the earliest approach to the Trump campaign, made by Cambridge professor and longtime spook Stefan Halper to Carter Page. And then there's the mysterious alleged "link" to Russian intelligence, Professor Joseph Mifsud, whose murky British-based thinktank managed to operate openly despite later claims it was a Russian covert operation.
It was Mifsud who orchestrated the Russia-gate hoax, first suggesting that the Russians had Hillary Clinton's emails, and then disappearing into thin air as soon as the story he had planted percolated into plain view. Some "Russian agent"!
Trump's decision to walk back his announcement that the key Russia-gate intelligence would be declassified tells us almost as much as if he'd tweeted it out, unredacted. For what it tells us is that public knowledge of the contents would constitute a major break in relations with at least one key ally.
Well played, Mr. President!