Published: Wed, April 26, 2017
Markets | By Lucia Cruz

Obama criticised for '$400000 Wall Street speech'

Obama criticised for '$400000 Wall Street speech'

Obama reappeared on the public stage Monday, making his first public remarks since leaving the White House at the future site of his presidential library.

Fox Business reports that Barack Obama will speak at a Wall Street conference organized by Cantor Fitzgerald LP. Obama was quick to blame big banks for the 2008 financial crisis and subsequent Great Recession, saying they were "caused in part by completely irresponsible actions on Wall Street" in a 2009 interview with CBS' 60 Minutes.

Gasparino says that Obama has signed a contract for the appearance but that he has the option of backing out of the event if any scheduling conflicts arise.

Pretty sweet gig though. that's an entire year of POTUS salary in a single day.

The fee is almost twice the $225,000 that Hillary Clinton received for three speeches to Goldman Sachs in 2015. The amount is almost twice the money paid to fellow Democrat and the 2016 presidential candidate Hillary Clinton.

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Obama will serve as the keynote speaker for one day at the company's event, sources there told Fox Business.

"Is there an irony here because he spoke incessantly about the income gap and is now earning from those same people he criticized?"

Democratic political consultant Hank Sheinkopf saw hypocrisy in Obama's speaking fee.

"Should we expect it?"

The 44th president has acknowledged an offer to talk at a social insurance gathering facilitated by Cantor Fitzgerald in September, US media report. He went on the attack against Wall Street and now he's being fed by those same people he called "fat cats". Republicans and Democrats alike wanted transcripts released from three speeches she gave for $225,000. As President Donald Trump took office in January, the Obamas set off for a vacation, and had been enjoying their retirement ever since.

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