An absorbing, suspenseful true life saga. ![]() Along the way he creates an in-depth portrait of the close-knit Sung family: the dignified elderly father who founded the bank in the 1980s to serve his community, his loyal wife whose favorite movie is It’s a Wonderful Life, and their two eldest daughters, smart and tough, who currently run the bank. Master documentarian Steve James (Life Itself, The Interrupters, Hoop Dreams) was there to record the thrilling, maddening, nerve-wracking fight. The indictment and subsequent trial forced the Sung family to defend themselves and their bank’s legacy in the Chinatown community over the course of a grueling five-year legal battle. Owned by the Chinese-American Sung family and serving mainly the Chinese-American immigrant community, they were targeted by Manhattan District Attorney Cyrus R. In the financial crisis of 2008 depicted in The Big Short, when giant banks using questionable loan practices were bailed out for billions because they were “too big to fail,” only one financial institution was indicted for mortgage fraud: the small, family-run Abacus Federal Savings of Chinatown in New York. There are several screenings available but please check E Street Cinema’s website for up to date information. Support our network and attend this weekend’s screening of Abacus: Small Enough to Jail, a PBS Frontline documentary about the Sung family’s fight for justice.
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