February 2, 2017

Abacus: Small Enough to Jail (2017) **

Following the 2008 financial crisis that nearly destroyed the world economy, none of the largest American financial institutions faced prosecutions for their shady dealings because they were considered "too big to fail". But a scapegoat had to be found. Abacus Federal Savings Bank, a small Chinese-American bank that catered to the neglected market of their community, was indicted on fraud charges and loan falsifications. As the bank disputed these accusations, many in the mainstream news media noticed that far larger competitors appeared to have committed similar misdeeds without legal consequence. This film explores the history of Abacus and its legal battle for survival against this hypocritical and racist application of the law.