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Abacus: Small Enough to Jail

Sung family in safe deposit box room

Only one bank faced criminal indictments related to the 2008 financial meltdown: Abacus Federal Savings Bank, a small community bank in Chinatown, New York City. Thomas Sung founded the bank in 1985 to help his fellow Chinese immigrants gain a financial foothold in America on their way to citizenship.

Series

Frontline

Premiere Date

September 12, 2017

Length

90 minutes

Funding Type

Co-Production

Awards & Recognition

Nominee

2018 Academy Awards - Best Documentary Feature

Winner

2017 News and Documentary Emmy Awards - Outstanding Business and Economic Documentary

Nominee

2017 Peabody Awards - George Foster Peabody Award

Only one bank faced criminal indictments related to the 2008 financial meltdown: Abacus Federal Savings Bank, a small community bank in Chinatown, New York City. With exclusive access to the Sung family, Abacus: Small Enough to Jaill is both a character-driven film and a deep examination of the unequal application of justice in the wake of the financial crisis. Thomas Sung founded the bank in 1985 to help his fellow Chinese immigrants gain a financial foothold in America on their way to citizenship. His daughters Jill and Vera eventually followed in his footsteps, becoming the Bank President and Loan Director, respectively. Against the unfolding trial, the film delves deeply into the questions of who receives justice in America and at what cost. It also asks the fundamental questions about what the purpose of a bank should be in a community, and especially an immigrant community.