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Abacus: Small Enough to Jail (2016)

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A small financial institution called Abacus becomes the only company criminally indicted in the wake of the United States' 2008 mortgage crisis.

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Nominated for 1 Oscar. Another 5 wins & 11 nominations. See more awards »

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Cast

Credited cast:
Neil Barofsky ... Himself
Ti-Hua Chang ... Herself
... Herself
Justin Deas ... Himself
Jiayang Fan ... Himself
Roman Fuzaylov ... Himself
Polly Greenberg ... Herself - Chief, D.A.'s Major Economic Crimes Bureau
Linda Hall ... Herself
Don Lee ... Himself
David Lindorff ... Himself
Kevin Puvalowski ... Himself
Megan Rork ... Himself
Mindy Shi ... Himself
Chanterelle Sung ... Herself
Heather Sung ... Herself
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Storyline

After the 2008 financial crisis that nearly destroyed the world economy, none of the American financial institutions faced prosecutions for their shady dealings that contributed to this debacle, except one. 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; likely because they were "too big to fail." This film explores the history of Abacus and its legal battle for survival against this hypocritical, and likely racist, application of the law that seemed to determined to punish them as a scapegoat for crimes that much larger felons deserve to face. Written by Kenneth Chisholm ([email protected])

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Documentary

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Release Date:

7 July 2017 (UK)  »

Also Known As:

Abacus: Pequeno o Bastante Para Condenar  »

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Box Office

Opening Weekend USA:

$12,528, 19 May 2017, Limited Release

Gross USA:

$104,621, 14 July 2017
See more on IMDbPro »

Company Credits

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1.85 : 1
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Did You Know?

Trivia

Steve James' first Oscar nomination for Best Documentary Feature, following notable omissions like "Hoop Dreams" and "Life, Itself". See more »

Quotes

Himself - Founder, Abacus Federal Savings Bank: Abacus, you know, is the Chinese calculator. China Regards abacus as a national treasure. So we say we'll name the bank Abacus.
See more »

Connections

References Big Rigs: Over the Road Racing (2003) See more »

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User Reviews

 
A really brilliant documentary pitting the US Government against New York's Chinatown
22 March 2018 | by See all my reviews

Steve James is a very famous documentarian who was robbed when his master work "Hoop Dreams" was inexplicably ignored by the Oscars in the Best Documentary Feature category in 1994. His later films included "Stevie", "The Interrupters" and the moving record of Roger Ebert's last days, "Life Itself". And now finally the film that brought James his first nomination for Best Documentary Feature.

"Abacus: Small Enough to Jail" is an excellent documentary that centers on the Abacus Federal Savings Bank, a family-owned community bank in Manhattan's Chinatown which became the only bank to actually face criminal charges following the 2007 mortgage crisis - and only because it was deemed not 'too big to fail', an incredible injustice by the U.S. Justice Department merely looking for a scapegoat. But the film is not primarily socio-political; it is, in fact, a 'David vs. Goliath' story of the court battle of the Asian family's defense for their honor against the gigantic U.S. government, and, without shying away from showing the family's internal squabbles and moments of weakness, the film documents the difficult daily sacrifices necessary for them to stand up for their principles.

Perhaps some will find this too much a 'standard' documentary, but I feel the story and characters interesting enough not to necessitate a stylistic 'hyping up', and, as is, the film perfectly captures its time and place while keeping us on the edge of our seats until the final verdict. Critic Matt Zoller praised the director for "finding the universal within the specific", and for the film creating a portrait of Chinatown as a thriving community that "defines itself in relation to...American culture... but never entirely comfortable or accepted." It is also an inspiring film of an immigrant family who struggles to survive through a conflict that they know is virtually impossible over which to prevail - but still they find they cannot submit to what they see as an injustice they did not come to America for. This is a film I truly loved. Don't miss it.


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