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Abacus: Small Enough to Jail

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Abacus: Small Enough to Jail

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Summary

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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Review

A star rating of 3 out of 5.

David Parkinson

Documentary-maker Steve James has frequently focused on American attitudes to crime and punishment, and this intricate but accessible study seeks to put a human face on the 2008 credit crunch and its aftermath. Thomas Sung had founded the Abacus Federal Trading Bank in New York's Chinatown in 1984. But, while it had always played a positive role in the community, Abacus was charged with several counts of fraud, falsification and conspiracy by Manhattan District Attorney Cyrus R Vance Jr, who staged a march of his handcuffed suspects for the press in a bid to show his administration could be tough on financial miscreants. But Sung and his three daughters felt they were being persecuted rather than prosecuted and mounted a vigorous defence. James makes canny if corny use of Frank Capra's 1946 classic It's a Wonderful Life to contrast Abacus with the Wall Street behemoths that walked away from the crisis seemingly unscathed. Moreover, he makes canny contrasts between Vance's haughty team and the down-to-earth Sungs. But, for all the crowd-pleasing David v Goliathisms, this sometimes makes James's support for the underdog a little too blatant.

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7.1/10

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Credits

Cast

rolenameThomas SungThomas SungJill SungJill SungVera SungVera SungHeather SungHeather SungCyrus Vance JrCyrus Vance JrChanterelle SungChanterelle Sung

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Crew

rolenameDirectorSteve James (2)

Details

Theatrical distributor

DocHouse

Released on

2017-07-07

Languages

English | Chinese

Formats

Colour

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