Summary: "Abacus: Small Enough to Jail" is a 2017 documentary film that tells the story of the Sung family, the owners of Abacus Federal Savings Bank, the only U.S. bank to face criminal charges in the wake of the 2008 financial crisis. The film follows the Sung family's legal battle as they fight to defend their small, family-owned bank against charges of mortgage fraud brought by the Manhattan District Attorney's office. Through interviews and archival footage, the documentary explores the Sung family's struggle to prove their innocence and the broader implications of the case for the banking industry and the American justice system.
Why Watch:
🎥 Film Enthusiasts: This documentary provides a unique and compelling perspective on the 2008 financial crisis, offering an in-depth look at the legal and personal challenges faced by a small, family-owned bank. The film's engaging storytelling and attention to detail make it a must-see for those interested in the intersection of finance, law, and social justice.
🧠 Students of Finance and Law: "Abacus: Small Enough to Jail" offers valuable insights into the complexities of the banking industry, the legal system, and the broader economic and political factors that shaped the aftermath of the 2008 financial crisis. This film can be a valuable resource for students studying finance, law, or related fields.
🧑⚖️ Advocates for Social Justice: The film's exploration of the Sung family's fight against the perceived injustices of the legal system and the broader implications of their case for marginalized communities make it a compelling watch for those interested in issues of social justice and the equitable application of the law.