Abacus bank court dates6/23/2023 ![]() ![]() Indeed, Fannie Mae even continued to do business with Abacus after the indictment!) (And despite, ironically, having one of the lowest default rates in the country. Master documentarian Steve James's latest film lays bare the five-year legal drama of the Sung family, Chinese immigrant owners of (NYC) Chinatown’s Abacus Federal Savings Bank, which was accused of mortgage fraud by the limelight-seeking Manhattan DA Cyrus Vance Jr., rendering this community-serving, family-owned-and-operated shop the sole US bank to face criminal charges in the fallout from the 2008 financial crisis. Ībacus: Small Enough to Jail - which has been garnering accolades on the festival circuit ever since its Toronto debut, and was the opening night flick at this year's Full Frame Documentary Film Festival - is equal parts riveting and rage-inducing. So, here is the second Doc Star of the Month (five months after the first one things happen…): The Sung Family, of Abacus: Small Enough to Jail. ![]() So when writer Lauren Wissot proposed a column in which she would interview a documentary subject every other month, we welcomed the idea. And it's thanks to the access and intimacy that these protagonists granted to the filmmakers that these films were made in the first place. From the Beales to the Friedmans, from Bob Dylan to Bob Flanagan, these real-life people were transformed, through the dynamic collaborative processes with their respective filmmakers, into indelible and engaging characters of cinema. Editor's Note: Some of the greatest documentaries of all time would be inconceivable without their protagonists to drive the stories and keep us viewers enthralled. ![]()
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