Chinatown vs. the Government
Thomas Sung was inspired by “It’s a Wonderful Life” to establish the Abacus bank in New York’s Chinatown as a place for immigrants to get loans. But after the 2008 financial meltdown, Manhattan district attorney Cyrus Vance Jr targeted Abacus bank for prosecution while other banks “too big to fail” got bailouts. Documentary maker Steve James follows the case in his new film “Abacus: Small Enough to Jail.” — Thom Powers and Raphaela Neihausen For more information, click here to visit the official film web site.
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Show Notes
Thomas Sung was inspired by “It’s a Wonderful Life” to establish the Abacus bank in New York’s Chinatown as a place for immigrants to get loans. But after the 2008 financial meltdown, Manhattan district attorney Cyrus Vance Jr targeted Abacus bank for prosecution while other banks “too big to fail” got bailouts. Documentary maker Steve James follows the case in his new film “Abacus: Small Enough to Jail.”
— Thom Powers and Raphaela Neihausen
For more information, click here to visit the official film web site.