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My understanding is that the Nixon gang tried to shut down the FBI investigation, and they nearly shut down Justice with the "Saturday Night Massacre." I have no reason to believe that Felt was "in on it", but he may have been protecting the FBI turf. He had no reason to love Nixon because he believed he had earned the top job that Nixon gave to another.
I was reading today that Felt was convicted of illegal wire taping and was pardoned by Reagan. He lived an interesting life to say the least.
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