A small financial institution called Abacus becomes the only company criminally indicted in the wake of the United States’ 2008 mortgage crisis.
In 1984, the Abacus Federal Savings Bank was founded by Thomas Sung, a Shanghai-born lawyer who wanted to give something back to the Chinatown community. The movie opens with the courtly and dapper Sung, now 80, and his wife watching “It’s a Wonderful Life” on television, as Sung explains his powerful identification with James Stewart’s George Bailey, the savings-and-loan purveyor who saved his own town from the clutches of greed. Sung, just like George Bailey, created a community hub. He provided seed money to businesses and mortgages to local residents, but in 2010 his managers spotted irregularities on the mortgage books, and traced them to a single employee — Ken Yu, who turned out to be taking bribes.
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2017/08/25 - 2017/08/27
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