On Tuesday's edition of "Squawk on the Street," CNBC host Jim Cramer said Wall Street executives are fearful of Democratic presidential candidate Sen. Elizabeth Warren (D-Mass.).
Cramer was discussing Wells Fargo's struggle to find a new CEO with co-hosts David Faber and Carl Quintanilla, when the topic turned to Sen. Warren's longstanding hatred for financial institutions.
"How is it possible that this company can't find a CEO? Are they worried about Elizabeth Warren attacking --?" asked Cramer.
"Of course they are," said Faber. "Why wouldn't they be? If she becomes the president, what do you think is going to happen at the banks?"
If Warren becomes president "it would be a sub-optimal situation for the banks," said Cramer. "If you get off the desk, and you talk to executives, they're more fearful of her winning."
"Look, she's got to be stopped. She's got to be stopped," he added.
"[I]t's another reason why companies are being implored to do things now," said Faber. "If you want to get something done, think about doing it soon because come early to mid-2000, if Elizabeth Warren is rolling around, everybody is going to be like, 'that's it'."
The Massachusetts senator pounced on the opportunity to re-tweet a clip from CNBC's Twitter account, along with the caption "I'm Elizabeth Warren and I approve this message."
I'm Elizabeth Warren and I approve this message. https://t.co/2Ewkbm0ZwA— Elizabeth Warren (@Elizabeth Warren) 1568151574.0
On Thursday's radio program, Glenn Beck and Stu Burguiere discussed Sen. Warren's chances in the 2020 election and her potential for becoming a bane to the big banking sector.
Watch the video below for more details:
Watch the full episode here.
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