Rahm Emanuel believes the lack of serious consequences for major Wall Street figures involved in the 2008 financial crisis was a significant error.
He points to this lack of accountability as a key factor that led to increased public frustration and the rise of populist leaders.
Emanuel's statement reignites the long-standing debate about the shortcomings in prosecuting those responsible for the economic downturn.
The former Obama advisor, now a US ambassador, suggests this oversight has contributed greatly to current political divisions and frustrations.
