My opinion is that, given the routine nature of airline operations and the thousands and thousands of hours on aircraft using the same wiring design as used on Flt.800, if frayed wiring was such a problem, we would have seen exploding airliners more often. It's possible that Flt. 800 was the first, but that seems very unlikely to me.
As to conspiracy? It seems possible that an administration that somehow obtained (and the numbers vary but) let's say hundreds of FBI files, and a president who is the only in my memory to have an alledged body count, could somehow find a way to intimidate the appropriate people quiet.
When it comes to circumventing the law, as the current episonde starring Sandy Berger illustrates, I don't put anything past the Clinton crime family.
It's too preposterous. Who do I believe, Bush and Jim Kallstrom or the conspiracy theorists? Well I have to go with Bush and Kallstrom. If it was ONLY Clinton, I would be more skeptical, but still not convinced.