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Abacus : small enough to jail /

by James, Steve [television director.]; Mitten, Mark [television producer.]; Goldman, Julie [television producer.]; Sung, Thomas [interviewee.]; Sung, Jill [interviewee.]; Sung, Vera [interviewee.]; Bergmann, Tom [director of photography.]; Farbrother, John [editor of moving image work.]; Simpson, David E [editor of moving image work.]; Abrams, Josh [composer (expression)]; Mitten Media [production company.]; Motto Pictures [production company.]; Kartemquin Films [production company.]; WGBH (Television station : Boston, Mass.); Independent Television Service; Blue Ice Docs [production company.]; Public Broadcasting Service (U.S.) [broadcaster.]; PBS Distribution (Firm) [publisher.].
Material type: materialTypeLabelVisual materialSeries: Frontline (Television program): Publisher: [Arlington, Virginia] : PBS, [2017]Description: 1 videodisc (90 min.) : sound, color with black and white sequences ; 4 3/4 in.ISBN: 9781531702205; 1531702201.Language note: In English and Chinese with optional subtitles in English (SDH) or Mandarin.Uniform titles: Frontline (Television program).Subject(s): Abacus Federal Savings Bank -- Trials, litigation, etc | Subprime mortgage loans -- Corrupt practices -- New York (State) -- New York -- Case studies | Mortgage loans -- Corrupt practices -- New York (State) -- New York -- Case studies | Commercial crimes -- New York (State) -- New York -- Case studies | Fraud -- New York (State) -- New York -- Case studies | Trials (Fraud) -- New York (State) -- New York | Financial institutions -- Law and legislation -- New York (State) -- New York -- Criminal provisions | Global Financial Crisis, 2008-2009 | Chinese Americans -- Social conditions | Documentary television programs | Nonfiction television programs | Video recordings for the hearing impaired | Video recordings for the hearing impairedOnline resources: Click here to view cover art | View cover art | Book for a Specific Date.
Contents:
Opening -- Introducing Mr. Sung -- Sung family dinner -- An attack on Chinatown -- The trial begins -- Big banks bailed out -- 2003 bank run -- Borrowers testify -- Gift letters -- Fannie Mae testifies -- Final week of trial -- Jury deliberations -- The verdict.
With: Thomas Sung, Jill Sung, Vera Sung, Heather Sung, David Lindorf, Cyrus R. Vance Jr., Chanterelle Sung, Polly Greenberg.Summary: Acclaimed director Steve James tells the 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 bank prosecuted after 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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Item type Home library Collection Shelving location Call number Status Date due Barcode
Visual Materials Visual Materials Altadena Main Library
Adult Collection Media Center DVD DVD 345.74 ABA Available 39270003935693

Enhanced descriptions from Syndetics:

A look at the Abacus Federal Savings Bank in New York's Chinatown, which became the only financial institution to be indicted after the 2008 economic meltdown. This documentary examines the possibility that the bank was made to act as a scapegoat when the U.S. government proved unwilling to press charges against larger institutions. Directed by Steve James (Hoop Dreams). ~ Jack Rodgers, Rovi

"SDH subtitles (subtitles for the deaf and hard-of-hearing) are a function of the disc and serve the same function as closed captions"--Container.

Program content: ©2016.

Opening -- Introducing Mr. Sung -- Sung family dinner -- An attack on Chinatown -- The trial begins -- Big banks bailed out -- 2003 bank run -- Borrowers testify -- Gift letters -- Fannie Mae testifies -- Final week of trial -- Jury deliberations -- The verdict.

Director of photography, Tom Bergmann ; editors, John Farbrother, David E. Simpson ; music, Joshua Abrams.

With: Thomas Sung, Jill Sung, Vera Sung, Heather Sung, David Lindorf, Cyrus R. Vance Jr., Chanterelle Sung, Polly Greenberg.

Originally broadcast on the PBS series Frontline, Sept. 12, 2017.

Acclaimed director Steve James tells the 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 bank prosecuted after 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.

DVD; region 1, NTSC; widescreen presentation; 5.1 surround, 2.0 stereo.

In English and Chinese with optional subtitles in English (SDH) or Mandarin.

Reviews provided by Syndetics

Library Journal Review

Documentarian James (Hoop Dreams; The Interrupters) here tells the story of New York City's family-owned Abacus Federal Savings Bank, the only bank prosecuted after the subprime mortgage crisis. The Chinese American founder and his family talk on camera about how in 2009 they discovered loan irregularities made by several bank officers, whom they then fired before notifying their regulator. The local district attorney's office opened an investigation that led to a fraud indictment of the officers and the bank despite it having one of the nation's lowest mortgage default rates. The film follows the case's five-year duration through excerpts from court testimony, artist renderings, and news footage, plus on-screen discussions by experts, attorneys, jurors, and the Sungs. What make this film so riveting are its insights into the Chinese American community, extraordinary access to the family, and the spirit of the founder, his wife, and daughters. Verdict All viewers will find meaning in this sympathetic portrayal of a small bank against what appears to be the legal system's grasping for a scapegoat rather than taking on banks considered "too big to fail." [Nominated for a 2018 Academy Award for Best Documentary Feature.-Ed.]-Lawrence Maxted, Gannon Univ. Lib., Erie, PA © Copyright 2018. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.

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