Abacus: Small Enough to Jail

FRONTLINE: Film Audio Track | PBS

FRONTLINE

Pbs, Tv & Film, Wgbh, Documentaries, Frontline

4.8 • 2.3K Ratings

🗓️ 18 September 2017

⏱️ 87 minutes

🔗️ Recording | iTunes | RSS

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Summary

From acclaimed director Steve James, the little-known story of the only U.S. bank prosecuted in relation to the 2008 financial crisis.

Transcript

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0:00.0	This is an audio cast of the Frontline Program Abacus, small enough to jail,
0:05.0	premiering September 12th on PBS. The film includes trial reenactments that are edited for clarity.
0:12.0	Music
0:26.0	Tonight. These defendants are charged with engaging in a systematic scheme to falsify and fabricate loan applications.
0:35.0	The little-known story about the only bank prosecuted for mortgage fraud after the financial meltdown.
0:41.0	At first you think that they're here to figure out what's going on for us.
0:45.0	We transition to wait a minute, maybe we're the target.
0:49.0	A family business caught up in a national crisis.
0:52.0	I think Americans were upset that the security against which loans were made were often fictitious.
0:58.0	And in Abacus, there was some truth to that too.
1:01.0	And fighting to survive.
1:03.0	Tom is not easy to be pushed around. And my girls, they are tough.
1:07.0	Smart, capable women.
1:09.0	It's trying for us because it's our father's legacy. And he's passed that legacy on to us.
1:15.0	Tonight on Fuffine from Steve James, the director of hook dreams and the interrupters.
1:21.0	Abacus, small enough to jail.
1:27.0	Frontline is made possible by contributions to your PBS station from viewers like you.
1:33.0	Thank you.
1:34.0	Major support is provided by the John D. and Catherine T. MacArthur Foundation,
1:38.0	committed to building a more just, vertent, and peaceful world.
1:42.0	More information is available at Macfound.org.
1:45.0	Additional support is provided by Ford Foundation, working with visionaries on the front lines of social change worldwide at FordFoundation.org.
	...

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