[liftbigweights]

> Abacus: Small Enough to Jail.

My goodness that documentary had me so infuriated. If people haven't seen it, I highly recommend it.

> The only bank to be prosecuted criminally for shenanigans in the subprime era.

That's the amazing part. Out of all the multinational "too big to fail" banks in NYC, they went after a small community bank. Just on optics it looks terrible, but the bank they went after actually had very low numbers of defaults and foreclosures.

That was as clear a case of bullying as I've seen. They went after the smallest bank they could find to intimidate them and force them to settle so that they can tell the press the banks were punished for the financial crisis. Which would have been a farce had they succeeded.

[anonymous5133]

FYI, for others reading. You can watch the abacus documentary in the link below. I highly recommend it as well. Well worth the 90 mins for sure.

https://www.pbs.org/video/abacus-small-enough-to-jail-suqmxe...

[thirdsun]

> FYI, for others reading. You can watch the abacus documentary in the link below.

*unless you live outside the US.