Abacus: Small Enough to Jail

2017
Abacus: Small Enough to Jail
7.1| 1h28m| en| More Info
Released: 19 May 2017 Released
Producted By: ITVS
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Budget: 0
Revenue: 0
Official Website: https://www.abacusmovie.com
Synopsis

The incredible saga of the Chinese immigrant Sung family, owners of Abacus Federal Savings of Chinatown, New York. Accused of mortgage fraud by Manhattan District Attorney Cyrus R. Vance, Jr., Abacus becomes the only U.S. bank to face criminal charges in the wake of the 2008 financial crisis. The indictment and subsequent trial forces the Sung family to defend themselves – and their bank’s legacy in the Chinatown community – over the course of a five-year legal battle.

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Reviews

rblenheim Steve James is a very famous documentarian who was robbed when his master work "Hoop Dreams" was inexplicably ignored by the Oscars in the Best Documentary Feature category in 1994. His later films included "Stevie", "The Interrupters" and the moving record of Roger Ebert's last days, "Life Itself". And now finally the film that brought James his first nomination for Best Documentary Feature. "Abacus: Small Enough to Jail" is an excellent documentary that centers on the Abacus Federal Savings Bank, a family-owned community bank in Manhattan's Chinatown which became the only bank to actually face criminal charges following the 2007 mortgage crisis - and only because it was deemed not 'too big to fail', an incredible injustice by the U.S. Justice Department merely looking for a scapegoat. But the film is not primarily socio-political; it is, in fact, a 'David vs. Goliath' story of the court battle of the Asian family's defense for their honor against the gigantic U.S. government, and, without shying away from showing the family's internal squabbles and moments of weakness, the film documents the difficult daily sacrifices necessary for them to stand up for their principles. Perhaps some will find this too much a 'standard' documentary, but I feel the story and characters interesting enough not to necessitate a stylistic 'hyping up', and, as is, the film perfectly captures its time and place while keeping us on the edge of our seats until the final verdict. Critic Matt Zoller praised the director for "finding the universal within the specific", and for the film creating a portrait of Chinatown as a thriving community that "defines itself in relation to...American culture... but never entirely comfortable or accepted." It is also an inspiring film of an immigrant family who struggles to survive through a conflict that they know is virtually impossible over which to prevail - but still they find they cannot submit to what they see as an injustice they did not come to America for. This is a film I truly loved. Don't miss it.
Jimmymle This documentary shows you how politically motivated are the justice system. Rather than picking on banks that defrauded American trillions of dollars, they choose to indict a small family bank in Chinatown. T's disgusting when you understand the scope of what the mortgage crisis did to America and not surprising that the only ones prosecuted were Chinese-American.The DAs in this film looks like pompous legal heavy hitter-wannabes tainted by self-righteous vain-glories.
dack This is a well-constructed documentary. You may even enjoy watching it. But I found it incredibly frustrating because *none* of this ever would've happened if Vera Sung hadn't told one of her bank's customers -- who objected to losing a significant downpayment as a result of one of her employee's actions -- to file a complaint at the *police precinct*.(You can see this scene at about 13:30 in the Frontline version.)By treating this couple as criminal co-conspirators instead of customers, Vera Sung brought this entire thing on her and her family. It's really that simple. And it's unfortunate this fact is completely lost on both the Sungs and the documentarian.Years of litigation and a $10 million defense is perhaps a bit steep of a karma price tag, but not far off.
johnsonalg This film received a standing ovation at the Chicago International Film Festival. At the Q and A after the film the family was as genuine as in the movie. Not only is this a story about government picking on the small guy (small by banking standards) but also a nice movie about immigration and family values. The entire movie was shot while filmmaker Steve James (Hoop Dreams) was unaware if the family or bank would be found innocent or guilty of mortgage fraud. Unfortunately the court proceedings are represented by paintings and live audio, but you still get the feeling of being in the courtroom. Even a couple of jurors are interviewed. Do not expect to sit on the edge of your seat with anxiety but a very interesting, thoughtful film