Only One Bank Faced Criminal Charges For The Mortgage Crisis. Bet You've Never Heard Of It.
The documentary, “Abacus: Small Enough To Jail,” tells the story of a family-owned bank in New York’s Chinatown — the only U.S. institution to face criminal fraud charges in the wake of the subprime mortgage crisis.
How did a little-known bank come to take the fall for a financial nightmare that so many multi-billion dollar corporations played a role in? And what can the Abacus case teach us about how American consumers are prioritized and protected by the federal government?
Steve James, Filmmaker, “Abacus: Small Enough To Jail”
Thomas Sung, Founder, Abacus Federal Savings Bank
Vera Sung, Director, Abacus Federal Savings Bank
Jesse Eisinger, Senior reporter, ProPublica
For more, visit http://the1a.org.
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