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Movie abacus bank8/17/2023 ![]() ![]() Throughout James’s scrappy story, there’s a winning sense of humour, showing the spunk of people not used to getting pushed around. We see Sung and his whip-smart adult daughters batting around courtroom strategies over plates of sizzling food. Doing business in this community was a matter of personal pride for the bank’s softly-spoken founder Thomas Sung. For its diligence, Abacus was slapped with multiple conspiracy indictments, triggering a five-year courtroom battle.ĭirector Steve James, maker of the mighty ‘Hoop Dreams’, explores the bank’s idealistic origins, set up to serve immigrants, mostly in New York’s Chinatown. As we learn in ‘Abacus: Small Enough to Jail’ – which plays as a mix of legal thriller and warm family comedy – the company did have a bad-apple employee, who was duly fired and reported to the authorities. Actually, one company in the US did end up in the dock: a tiny family-run Chinese-American firm, Abacus Federal Savings Bank, which became a scapegoat for the whole industry. The case is the subject of the PBS documentary Abacus: Small Enough to Jail that has been nominated for an Acacemy Award. The awards celebration takes place and will be hosted by Hasan Minhaj.Why did virtually all of the big banks escape prosecution after the economic crisis? No matter how many times we ask, it’s still a rage-inducing question. Abacus, which was founded by the father of Vera Sung ’90 and Chanterelle Sung ’04, was, and remains, the only bank indicted in the wake of the 2008 financial crisis. The winning documentary will be announced on April 17, 2018. “Abacus: Small Enough to Jail” is a Mitten Media, Motto Pictures, and Kartemquin Films Production for WGBH/FRONTLINE and Independent Television Service (ITVS), with the Center for Asian American Media and in association with Blue Ice (PBS/WGBH) The film premiered on PBS’ Frontline series this past fall and garnered a Critics’ Choice Award and was nominated for an Academy Award. bank to face criminal charges after the 2008 financial crisis. The film is about the family-owned Abacus Federal Savings Bank, the only U.S. James documents the family’s trial by judge and their own Chinatown community.” ( CAAMFest) bank to face criminal charges in the aftermath of the 2008 financial crisis. ![]() “Acclaimed filmmaker Steve James explores the evocative story of the Sung family-owned Abacus Federal Savings Bank, the only U.S. Read our exclusive Q&A with Steve James here. Abacus screened at CAAMFest last March, where director Steve James ( Hoop Dreams) was in attendance. bank to face criminal charges in the wake of the 2008 financial crisis. The film received funding from CAAM with support from the Corporation for Public Broadcasting through our Documentary Fund Open Call awards. Febru9:00am An Oscar nominee for his editing on 1994’s Hoop Dreams, Steve James has been nominated again this year for his documentary Abacus: Small Enough to Jail, about a family. Abacus, a small family-run bank, becomes the only U.S. Legendary Hoop Dreams documentarian Steve Jamess newest film, Abacus: Small Enough to Jail, tells the story of the only US bank prosecuted after the 2008 financial crisis. have been invited to the 4th Annual ABQ Chinese American Film Festival. Sixty nominees were selected out of 1,200 entrees. An important part of the Abacus Bank mission is educating its communities about. bank to face criminal charges after the 2008 financial crisis.Ībacus: Small Enough to Jail has been nominated for a Peabody Award. ![]() ![]()
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