Carson on Wright
More broadly, one of the reasons, I think, why Wright prefers the Christus Victor theme, elevating it to controlling status, lies in his narrow reading of the Old Testament story. If his understanding of sin included not only sustained reflection on the nature of the structures of evil but on the nature of idolatry (a major Old Testament theme) and how offensive such idolatry is to God, and how central the theme of the wrath of God is to the plot line itself, then it might be clearer how central the penal emphases of the atonement are among New Testament writers.
Again:
When the biblical writers say that Christ's death saves us, from what does it save us? We could say it saves us from death, from the consequences of our sin, from our lostness, but centrally it saves us from the wrath to come. Death, the consequences of our sin, and lostness are nothing other than preliminary manifestations of the wrath of God.