'Abacus': The Small Chinatown Bank That Paid A High Price
In Abacus: Too Small To Jail, Steve James, who made Hoop Dreams, tells the story of a very small bank that really was prosecuted in the wake of the 2008 financial crisis.
From the pages of sober financial journals to Hollywood's slapstick-econ adaptation of , commentators often note that no American banks were indicted in the wake of the 2008 financial cave-in. director Steve James is here to say that's not true. In May 2012, New York's district attorney brought charges against Abacus Federal Savings Bank and 19 of its employees.
