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I found this article from The Hill very informative and worthy of sharing. It lays out the information surrounding the memo, without a bunch of partisan blather, and offers the reason according to their sources, that republicans think it's so important.
GOP case: FBI probe based on tainted evidence linked to Clinton | TheHill
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GOP case: FBI probe based on tainted evidence linked to Clinton
BY JOHN SOLOMON - 02/01/18 06:43 PM EST
While the FBI has been protesting the release of the Nunes memo, it has been working behind the scenes to vet a version of the Grassley-Graham memo, which is expected to be released in redacted form soon. The FBI is also seeking redactions to the Nunes memo, though it is not clear the White House or congressional Republicans will agree to them.
Republicans believe both documents will back up arguments that evidence used to justify the FBI’s probe came from partisans loyal to Clinton, sources said. They are also expected to play into arguments from some Republicans that special counsel Robert Mueller’s probe into Russia is based on false information.
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They will argue the FBI failed to critically assess the political motives and credibility of Steele and did not fully disclose that evidence came from Clinton supporters as it sought to get permission from courts for surveillance warrants.
“The fact that half to three-quarters of the evidence the FBI used to unleash the most awesome of surveillance powers upon Donald Trump’s inner circle came from sources tied directly to his Democratic opponent should worry us all, especially when that happened during an election,” said one senior Republican directly familiar with the evidence, describing the party’s core concerns.
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The Steele dossier, the PI report and the news story “all seem like independent corroborating evidence” but Republicans now believe they were “the fruits of a single politically poisoned tree planted by Clinton partisans,” said a source familiar with concerns that are raised in the House Republican Intelligence panel memo.
“Rather than quality double-sourced intelligence, it is our conclusion it was nothing more than thinly veiled, single-sourced political opposition research masquerading as intel," the source said.
GOP case: FBI probe based on tainted evidence linked to Clinton | TheHill
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