Episode 611 • • 2:26:02 - 2:31:39
611: Let's Get Social!
Abacus Bank Prosecution and Matt Taibbi's "The Divide"
Matt Taibbi discusses his book "The Divide," focusing on the prosecution of Abacus Federal Savings Bank in Manhattan's Chinatown. Despite being a small community bank, it was the only financial institution indicted in the wake of the 2008 mortgage crisis. Taibbi argues the case was a "photo op" for District Attorney Cyrus Vance Jr. while major Wall Street banks avoided criminal charges.