Smith phrases things very well in the interview. For example, he points out the middleman "liaison" role of Chris Steele and how that sheds light on the FBI's role in the Russia Hoax vis a vis the Clinton campaign. The fact that the information flow was bi-directional means that not only was the Clinton campaign (Fusion GPS) sharing with the FBI and the FBI was using that oppo research to target Trump. But that bi-directional flow also means that the FBI was sharing with the Clinton campaign (Fusion GPS, again). Steele, in effect, becomes the FBI liaison to the Clinton campaign. And, as we saw yesterday, the FBI knew that that's what they were doing.
Smith also lets drop that Peter Strzok and Bill Priestap, High Bureau Officials as I put it yesterday, were involved in the intel sharing with Steele. Yesterday I suspected that when Horowitz referred to a "Section Chief" that would logically be Strzok. Smith, with better sources, has apparently nailed it down that the Section Chief in question was, in fact, Strzok.
Smith also appears to agree with me that the purpose of the information flow to Steele from the FBI was so that Steele could use that information to feed "source information" back to the FBI for use in the FBI application. We've seen similar information laundering operations involving media accounts, in which leaks to the media were presented by the FBI to the FISA court as independent corroborating information.
All of this goes toward proving and fleshing out the Big Picture conspiracy of the Russia Hoax--a conspiracy that involved key players at the top of the FBI, State, CIA, DoJ, the White House, and the Clinton campaign.
At the end of the interview a very important point is made regarding Andrew McCabe's excuses re the FISA applications, in which McCabe tries to push the blame off on the field agents, when in fact the whole Russia Hoax operation--as Felten documents--was very closely held at FBIHQ:
I know there was some news about the non-prosecution of McCabe, but if you think McCabe is out of the woods on this one he's got another think coming, because between Barr and Durham and the things that are going on at the Department of Justice, this show is not yet over.
Watch it--you'll be glad you did: