Rahm Emanuel says it was a mistake the 2008 financial crisis ended without bankers facing 'Old Testament justice'

Rahm Emanuel expressed regret that more Wall Street executives were not held accountable for their roles in the 2008 financial crisis, stating, 'It was a mistake not to apply Old Testament justice to the bankers during the Obama administration.' He emphasized that the same bankers who caused the crisis were unsatisfied with reduced bonuses and government intervention, highlighting a critical view of the leniency towards financial institutions during that period.

Emanuel warned that the Democratic Party has ignored widespread disillusionment, stating, 'The Democratic Party has been blind to the rising sea of disillusionment.' He cited Donald Trump's message of retribution as a reflection of the nation's anger, implying that the party needs to recognize and address these feelings to regain support.

In direct reference to current political strategies, Emanuel noted, 'Campaigns of joy in an era of rage don't win elections.' This statement serves as both a critique of the optimism presented in political campaigns and a call for a more realistic approach to connect with voters' sentiments in a volatile political landscape.

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