NPR News, Classical and Music of the Delta

Only One Bank Faced Criminal Charges For The Mortgage Crisis. Bet You've Never Heard Of It.

Your browser doesn’t support HTML5 audio

The documentary, “Abacus: Small Enough To Jail,” tells the story of a family-owned bank in New York’s Chinatown — the only U.S. institution to face criminal fraud charges in the wake of the subprime mortgage crisis.

How did a little-known bank come to take the fall for a financial nightmare that so many multi-billion dollar corporations played a role in? And what can the Abacus case teach us about how American consumers are prioritized and protected by the federal government?

GUESTS

Steve James, Filmmaker, “Abacus: Small Enough To Jail”

Thomas Sung, Founder, Abacus Federal Savings Bank

Vera Sung, Director, Abacus Federal Savings Bank

Jesse Eisinger, Senior reporter, ProPublica

For more, visit http://the1a.org.

© 2017 WAMU 88.5 – American University Radio.

Copyright 2017 WAMU 88.5

  • Facebook
  • Twitter
  • LinkedIn
  • Email