148- National Treasure Bank: You can go to jail.

"National Treasure Bank: A Small Imprisonment" is a documentary about the five-year lawsuit between the Chinese Community Bank in new york and the US prosecutor, and was nominated for the best documentary Oscar.

Mr. Sun Qicheng, 1935 was born in Shanghai and went to the United States to study and live with his parents. He studied accounting, agriculture and law successively, engaged in lawyer and real estate business in the United States, and achieved great commercial success. He is also an overseas Chinese leader.

In the 1980s, in order to provide community financial services for Chinese immigrants, the National Treasure Bank was opened in Chinatown, New York, providing a series of financial services ranging from safe deposit boxes to bank deposits, remittances and loans, which became an important service link for Chinese community economic activities.

Most of the first generation of Chinese immigrants gathered in Chinatown community, and there were barriers and obstacles brought about by language barriers, low income and low social status with the mainstream American society. The National Treasure Bank could provide more convenient and caring services.

However, the financial crisis triggered by American subprime mortgage in 2008 further affected National Treasure Bank. 20 10 national treasure bank was investigated by federal prosecutors, and 20 15 was prosecuted, becoming the only bank prosecuted after the 2008 American financial crisis.

National Treasure Bank was accused of colluding with lenders, creating false loan application documents and obtaining real estate loans, arguing that the bank systematically violated the law and forged it from top to bottom.

The real estate loan applied by National Treasure Bank from Fannie Mae will be packaged and sold to investors in the form of bonds, which is the subprime loan. The prosecution accused the bank of transferring the loan applied for with false documents to unsuspecting investors, which led to fraud. American prosecutors filed 240 criminal charges against National Treasure Bank.

Sun Qicheng and his two daughters inherited the family business and took charge of the banking business. They decided to face the American state institutions alone and insisted on the plea of not guilty.

Mr and Mrs Sun have four daughters, three lawyers and a doctor. The youngest daughter is the Manhattan district attorney. Her department is the one that blames the bank, which makes her unacceptable.

Sun's family lived a prosperous life and lived in a wealthy white community. None of his four daughters spoke Chinese, which was far from the Chinese community. But at this time, the prosecutor's daughter realized that she was still different from others, and finally she decided to resign and fight side by side with her family.

In the American financial crisis in 2008, there was a key word called "too big to fail", which means that the big financial institutions in the United States that were in crisis because of the indiscriminate issuance of subprime housing loans were too big to fail. In fact, after the crisis, no big financial institution or individual bears legal responsibility for the crisis.

And why did the prosecution accuse a small community bank of taking the blame for the US financial crisis? During the investigation, the prosecution's attitude towards the people involved was extremely humiliating, and more than a dozen employees were taken away like hairy crabs with long chains. Even employees who have been released on bail are taken away for questioning, which is obviously racial discrimination and differential treatment.

Mr. Sun is gentle but firm. He said that he should not only fight for himself, but also for the interests of the Chinese community and Chinese.

After five years of hard confrontation, 20 15, after several months of trial, the jury finally gave a verdict of not guilty, and all 240 counts were not guilty. For this ending, the Sun family paid a legal fee of 5 years100,000 US dollars.

National Treasure Bank won, but is it really innocent?

Continue writing tomorrow.