To arrive at the overall theory driving the Russia Hoax it's useful to look at two aspects together: first, the Carter Page FISA, and second, Rod Rosenstein's letter authorizing the Special Counsel.
We've all heard the criticism of Rosenstein's authorization letter: it fails, the critics say, to cite a criminal violation, and so the appointment of Mueller as Special Counsel is illegitimate because the regulations governing the appointment of a Special Counsel require that a criminal violation be stated. But like so many things we think we know, this turns out not to be true at all.
For starters, the regulations only state that the Attorney General (or, in our case, the Acting AG) has to "determine[] that criminal investigation of a person or matter is warranted"--it doesn't state that the actual criminal violation has to be named. I agree that the presumption must be that no investigation should be initiated without some specific criminal statute in view. Moreover, it's natural and fair that the subject of an investigation should know what he's being investigated for, and just as natural that the investigator should like to keep the subject in the dark about as much as possible. What would be a reasonable sounding explanation for refusing to cite a criminal statute? The reason is right there in Rosenstein's letter:
The Special Counsel is authorized to conduct the investigation confirmed by then-FBI Director James B. Comey in testimony before the House Permanent Select Committee on Intelligence on March 20, 2017 ...