WASHINGTON - A federal judge in Texas has accused the Federal Deposit Insurance Corp. of pursuing a fraud case against the chairman of Dallas' Bluebonnet Savings Bank for political reasons.

"This is simply a case of people 'seeing the light' when they 'felt the heat,'" U.S. District Judge Joe Kendall wrote late last month in an extremely detailed opinion. "The court finds the FDIC's counterclaim without merit, and pushing the envelope" of a frivolous suit.

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