![]() ![]() According to “Too Big to Fail”, prosecution of even one of those banks could have a seismic impact on the global economy, not to mention politicians’ electoral campaigns. Since then, however, the number of banks in the United States has dropped while the size of major banks has grown exponentially and taken greater control of our global economy. Notably, white collar crime prosecution used to be more prolific in the United States - after the Savings and Loan Scandals of the ’80s, 839 individuals were convicted of fraud. The film’s title is the obverse of the infamous “Too Big to Fail” doctrine, which has been used to justify the US criminal justice system’s failure to criminally indict Wall Street banks after the 2008 financial crisis. But lost in all this sensationalist bluster is the more pervasive, ugly truth about America’s legal system : it’s an aggregation of thousands of quieter trials in which there are no dramatic piques where a tragically inert storyline of unnecessary “zero sum” adversity lumbers to an unsatisfactory ending.ĭirector Steve James’ ( Hoop Dreams, 1994) most recent documentary Abacus: Small Enough To Jail - which examines the Manhattan DA’s Office’s relentless prosecution of the Sung family’s Abacus Federal Savings Bank in Chinatown, New York - is successful at highlighting this unfortunate state, even if it means foregoing a compelling dramatic arc to do so. Television shows and movies capture the law as a highlight reel of spectacular trials which feature righteous winners and benighted losers. ![]()
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