Obama Cashing In With "$400K Speech" to Wall Street BankersChris Menahan
Apr. 25, 2017
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Former President Obama is ready to start cashing in Clinton-style with a $400,000 speech to a group of Wall Street bankers.
As Fox Business reports:
Former President Barack Obama, less than 100 days out of office, has agreed to speak at a Wall Street conference run by Cantor Fitzgerald LP, senior people at the firm confirm to FOX Business. His speaking fee will be $400,000, which is nearly twice as much as Hillary Clinton, his secretary of state, and the 2016 Democratic Party candidate, charged private businesses for such events.The Daily Caller notes:
That hefty payout, which is roughly seven times the median household income in the U.S., puts Obama in the same league as Bill Clinton on the lucrative presidential speaking circuit. But unlike Clinton, Obama was a vocal critic of Wall Street as president. As Fox Business notes, Obama derided "fat cat bankers on Wall Street" during a 2009 TV interview and regularly blamed big banks for the 2008 recession.This is nothing more than selling influence. Obama served these banksters while he was in office and now he's collecting his reward.
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