See the list of Asian Americans running for federal and state offices at Asian American Candidates.
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Congratulations to Cyrus Vance Jr. for being named to the Hall of Shame!

(Liberals filed a frivolous indictment against Wen Ho Lee: Hall of Shame: Wen Ho Lee Debacle)
(Liberals filed frivolous indictments against Asian American scientists: Hall of Shame: Obama Justice Department)
(Gosh, do we detect a pattern, yet?)

Cyrus Vance Jr.
Manhattan District Attorney

Steve A. Linick
Inspector General of the Federal Housing Finance Agency

Assistant District Attorneys Edward Starishevsky, Senior Investigative Counsel, and Julieta V. Lozano led the investigation under the supervision of Polly Greenberg, Chief of the Major Economic Crimes Bureau, and Adam Kaufmann, Chief of the Investigation Division. Investigative Analyst Steven Koch and Trial Preparation Assistants Marisa Calleja, Elisabeth Daniels, Melissa Brown, and Kathleen Dougherty assisted in the investigation. In addition, Investigator Jason Malone of the District Attorney’s Investigations Bureau participated in the investigation under the supervision of Supervising Investigator Santiago Batista.

Julieta Lozano
Rachel Hochhauser
Colleen Walsh
Assistant District Attorneys
prosecutors at trial

The People of the State of New York v. Abacus Federal Savings Bank et al., case number 02480-2012,
in the Supreme Court of the State of New York, County of New York.
May 2012 press release:    https://www.fhfaoig.gov/Content/Files/Abacus%20Bank.pdf

In May 2012, the Manhattan District Attorney office indicted Abacus Federal Savings Bank and 19 of its employees for fraud regarding hundreds of millions of dollars of mortgages that had been sold to Fannie Mae between 2005 and 2010. The bank was accused of falsifying loan applications so that borrowers would qualify for mortgages. Abacus replied it uncovered the improper behavior itself, reported it to the regulator, and fired the employee in question. 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.

The unreasonableness of the prosecution, in light of the treatment received by large banks, was questioned by media outlets.

The Bank, along with its former Chief Credit Officer and its former loan supervisor, were acquitted of all charges in a jury trial in New York Supreme Court on June 3 and 4, 2015.

On September 9, 2015, the Court dismissed all of the charges against the remaining defendants, due to lack of evidence.

The story is told in Steve James’ feature-length documentary Abacus: Small Enough to Jail, which had its premiere at the Toronto International Film Festival, September 11, 2016. It was broadcast nationally on PBS Frontline on September 12, 2017.

The documentary was nominated for an Oscar in 2018.

Documentary: “Abacus: Small Enough to Jail”

5/18/17 NPR: “‘Abacus’: The Small Chinatown Bank That Paid A High Price”

5/19/17 Business Insider: “A new movie exposes the ‘ridiculous’ case against the one bank charged after the 2008 crisis”

10/12/15 The New Yorker: “The Accused: When a Chinatown bank was investigated for fraud, a community’s financial way of life was put on trial”

5/15/17 The Daily Beast: “Scapegoat: The Tiny, Family-Owned Bank That Took the Fall for the 2008 Financial Crisis”

6/4/15 New York Times: “Abacus Bank Found Not Guilty of Mortgage Fraud and Other Charges”



8 thoughts on “Home

  1. This is on the big national level. Even at the local level it’s hard for Asian Americans to get their footing for political positions: http://www.bensonhurstbean.com/2016/06/colton-slams-imposter-billy-thai-misleading-leaflets/#.V2ScY_krLIU
    Learn more about Billy Thai’s Campaign: billythai.com
    Like the FB page: facebook.com/billythaiforny/
    Join the group: facebook.com/groups/1046230008746329/

    Posted by Aimee Shiu | June 17, 2016, 7:55 pm
  2. Is this a Democrat Party ‘thing’ or is it just that these most regrettable things happen to be happening on Obama’s watch.

    I can argue that if Obama was really for racial unity, he’d have his people be more careful in taking these actions.

    Would a Republican administration do any better?

    The Democrats appear to be ‘flubbing it’….in football, if your team can’t move the ball forward ten yards in four plays, the ball goes over to the other team, and they get a crack at trying to move it forward ten yards in four plays. I may be belittling the injustice of the situation; my apologies for doing so. The point is, let’s give the other team (a.k.a. the Republicans) a chance with the ball and see if they ‘flub it’.

    Posted by Joe Kwiatkowski | July 23, 2016, 11:31 pm
  3. Dear Mr. Kwiatkowski,

    I am unaware of Republicans indicting Asian Americans and then having to dismiss the cases as being without merit. As you noticed from reading the rest of the Hall of Shame, some Republicans have taken other unfair governmental actions against Asian Americans.

    Don W Joe
    Asian American Politics

    Posted by donwjoe | July 24, 2016, 7:20 am
  4. Note: for all of his embarrassing (especially to Republicans and right-leaning libertarians like me) talk about Hispanics and Muslims, I don’t recall that Donald Trump has had much to say, good or bad, about Asian-Americans. He has denounced what he asserts are ‘bad trade deals’, but that’s about all I’ve heard. Maybe I’ve missed it, in all of the furor over his ‘asking the Russians to find Hillary’s 30,000 missing e-mails’, or his assertion that ‘President Obama started Isis (he may have enabled it to become what it is today, but it wasn’t his idea) or even going back to his spat with Megyn Kelly.

    Anyone with knowledge along these lines, comment here and enlighten my ignorance…

    Posted by Joe Kwiatkowski | August 12, 2016, 3:12 pm
  5. On the day of his inauguration, I wonder what you folks at Asian-American politics expect from a Trump presidency?

    Posted by Joe Kwiatkowski | January 20, 2017, 9:29 am
  6. Looking at Don Joe’s post of July 24 of last year, methinks maybe I ought to read those ‘Hall of Shame’ entries and see what Republicans have done.

    Be aware that my own political leanings are libertarian…I tend to side with the Republicans on fiscal issues and either side with the Democrats or remain neutral on social issues. For instance, I try to ‘look the other way’ on gay marriage.

    Posted by Joe Kwiatkowski | January 20, 2017, 9:34 am
  7. Most Asian Americans vote Democrat now so they expect the worse from Trump: hostile immigration policies, repealing Obamacare and fraying welfare programs. Republican Asian Americans may hope for less discrimination against Asian American applicants to universities, less onerous regulation of businesses, and more support for Taiwan.

    Posted by donwjoe | January 20, 2017, 10:12 pm
  8. The hot-button issues, as you can plainly see for yourself, involve Hispanics from south of the Rio Grande, and Muslims in general. I note that in history people have been suspicious of Catholics. I myself need to take a closer look at the conflicts between Catholics and Protestants in history – the English-Spanish conflict that led to the Spanish Armada, the Thirty Years’ War in Germany, and other situations.

    I think, repeat, think I understand the threat of Islamic terrorists infiltrating into the U.S. with the mass of refugees. I think, repeat, think, I understand the threat of Muslims trying to impose their religion on the world. I hate religious fanatics in general, regardless of denomination, though not intensely. preach to me if you will, but let me worship according to the dictates of my own conscience in the end… even if I ‘elect’ not to worship at all. I do happen to be an evolutionist. (Calling myself a ‘Darwinist’ might cause people to think I pray to Charles Darwin, which sounds a little bit crazy, don’t you think?)

    Posted by Joe Kwiatkowski | February 2, 2017, 8:48 pm

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