2020 hopeful Elizabeth Warren celebrates resignation of Wells Fargo CEO Tim Sloan

Despite having once worked as a lawyer on Wall Street, Massachusetts Sen. Elizabeth Warren (D) has long been exceptionally critical of the major banks that call that section of New York City home.

Thus, it was no surprise when the 2020 hopeful celebrated the resignation of Wells Fargo CEO Tim Sloan on Thursday.

The bank executive had spent 31 years with the troubled institution, which has been wracked by scandals in recent years.

Bank exec steps down

Sloan will reportedly step down as CEO on June 30, and is set to receive the standard retirement package for departing executives, which in his case includes stock options valued at roughly $24.5 million.

Sloan was first named CEO of the company in 2016. Though he had been with Wells Fargo for three decades, Sloan did not assume that leadership role until after the ousting of his predecessor amid serious allegations of wrongdoing by the bank, including creating fictitious accounts in customer’s names to reach sales goals and overcharging customers who applied for auto and mortgage loans.

The bank paid billions in penalties and fines for these scandals.

“About damn time”

Warren lauded Sloan’s resignation in a tweet on Thursday, writing that it was long overdue.

She said in a follow-up tweet that he should have been fired, instead of allowed to retire with benefits, and called for him to be aggressively investigated and prosecuted by government agencies.

Gleeful and vindictive

To be sure, Warren was not the only politician to cheer the news of Sloan’s impending resignation. She was joined by several other Democrats, and even at least one Republican, who noted that Wells Fargo still needs to make substantial changes to their practices to guard against similar abuses of customers in the future.

Indeed, it is doubtful that Sloan will have many prominent elected officials stand up in his defense, as Wells Fargo hasn’t established the best reputation in Washington, especially amid the recent scandals.

That said, the level of gleeful vindictiveness present in Warren’s tweets about Sloan may have been a bit too much — particularly coming from someone who has made a name for herself among the left as someone dedicated to utterly destroying Wall Street.

It was a low blow, Liz.

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