Is it possible to have a month dedicated to money and not touch on the 2008 financial crisis? Financial institutions shuttered, homes were foreclosed in record numbers and retirement savings seemingly evaporated overnight. Here we are nearly a decade later and many people are still reeling from the effects.
Abacus: Small Enough to Jail tells the story of one such family. From the acclaimed director Steve James (Hoop Dreams, The Interrupters, Life Itself) this documentary follows the Sung family, owners of Abacus Federal Savings of Chinatown, New York. This relatively small, family-run bank becomes the only U.S. bank to face criminal charges following the financial meltdown of 2008. The family is forced to defend themselves, their reputation and the bank’s legacy, over a 5-year trial.
This is not your average David and Goliath story. It’s fascinating film that isn’t afraid to ask the big questions, but the jury is out while we wait for those answers.