Abacus bank racism11/24/2023 ![]() Such injustice must be put to an end and the hypocrisy of the white men must be shamed in public. It is white man’s rule of law applied to coloured people in the USA and the rest of the world. You can read more about the racist white regime in the USA and reflect on how they are dealing with Huawei and the illegal and outrageous arrest and treatment of Meng Wanzhou, even knowing that the whole deal was political but refusing to admit that it was political and refusing to release Meng claiming that they were following the rule of law. This was the only small bank, or the only bank attacked by the American administration for subprime crime when the guilty parties, all white banks were spared from such abuses. The above brief showed how racist and discriminatory was the American administration in Washington and how they victimized law abiding minority citizens in fake and fraudulent charges and abusing them with the rule of law and the justice system. Abacus: Small Enough to Jail was nominated for the 2018 Academy Award for Best Documentary Feature. It was broadcast nationally on PBS Frontline on September 12, 2017. The story is told in Steve James's feature-length documentary Abacus: Small Enough to Jail, which had its premiere at the Toronto International Film Festival, September 11, 2016. It was criticized by journalist Matt Taibbi in his 2014 book The Divide: American Injustice in the Age of the Wealth Gap. The aggressive prosecution of Abacus, in contrast to the relatively lenient treatment received by large banks, was questioned and criticized by various media outlets. (After a long 5 year legal battle defended by the legally trained daughters of Sun Quchen, the founder of the bank). The bank, along with its former Chief Credit Officer and its former loan supervisor, were acquitted of all charges brought by the New York prosecutors in a jury trial in New York Supreme Court on June 3 and 4, 2015. It also said it was not involved with the fraudulent packaging of subprime mortgage securities and had a mortgage default rate of 0.5%, a tenth of the national average. Abacus argued that it uncovered the improper behavior itself, reported it to the regulator, and fired the employee in question. The bank was accused of falsifying loan applications so that borrowers would qualify for mortgages. In May 2012, New York prosecutors from the Manhattan District Attorney's office indicted the bank and 19 of its employees on charges of fraud in relation to hundreds of millions of dollars' worth of mortgages that had been sold to Fannie Mae between 20. White supremacist marshalls rounding up black slaves in chains. ![]() The police charged into the bank and handcuffed all the employees and linked them onto a long chain before parading them out of the bank like the days of black slavery. Here are some of the comments in Wikipedia about this racist indictment of a small Chinese owned bank in the so called rule of law country, the protector of human rights, rights of an individual and democracy. Why? The bank was owned by a small group of American Chinese operating in the Chinatown district of New York. 182 charges were slammed at this small bank as if it was the main cause of the subprime crisis. There was one incident that very few people outside the USA heard off involving the abusive indictment of a small local bank in New York for subprime crimes. Yes, all the American banks were treated with special care like they were family despite the huge fraudulent packaging of foul property products and sold to the public. ![]() ![]() The causes of the subprime crisis in 2008/9 were very clear by now and how leniently the big US banks were treated by the US govt.
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