Abacus: Small Enough to Jail
- Updated:
2024-02-23 23:09 - Directors: Steve James
- Writers: Steve James
- Actors: Sun Qicheng / Zeng Huilin / Sun Yifen / Sun Yiwen / Sun Yizhen / Sun Yilin / Kevin Pwarowski / ......
- Types: Documentary
- Regions: USA
- Languages: English
- Date: 2016-09-11
- Episodes: 1
- Duration: 88 mins
- Alias: 欺世金融案(港) / 国宝银行：小到可以进监狱
- Rating: 8.5
Synopsis of Abacus: Small Enough to Jail
A community bank in New York's Chinatown was indicted by federal prosecutors in 2015, becoming the only bank to be indicted after the 2008 U.S. financial crisis. This story was made into a documentary. There was a keyword in the 2008 U.S. financial crisis called "Too Big to Fail," which refers to the fact that the large U.S. financial institutions that caused the crisis due to the excessive issuance of subprime housing loans were too big to fail. In fact, after the crisis, no major financial institution or individual took legal responsibility for that crisis. A recently released documentary produced by an independent filmmaker records the only bank prosecuted by the federal government after the financial crisis - National Treasure Bank, a community bank in New York's Chinatown founded by Chinese immigrants, as well as its founder Sun Qicheng and his The family's journey to win their case. Compared to "Big Enough to Fail", the documentary is titled "Small Enough to Jail". On May 31, 2012, National Treasure Bank, headquartered in Chinatown, New York, together with two loan executives, were indicted by the Manhattan District Attorney's Office in New York on charges ranging from falsification of business records, civil loan fraud, aggravated larceny, conspiracy, etc...
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