Obama Goes Full Clinton Foundation With Series of $400,000 Wall Street SpeechesZeroHedge
Sep. 18, 2017
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For a man who once criticized the Clinton Foundation for taking millions of dollars in 'donations' from Wall Street "Fat Cats," Obama seems to be in a rush to replicate the lucrative Clinton scam via his very own Obama Foundation. As Bloomberg points out this morning, since leaving office in January, Obama has already collected millions in speaking fees from the same Wall Street banks that may have cost Hillary her shot at the White House.
Last month, just before her book “What Happened” was published, Barack Obama spoke in New York to clients of Northern Trust Corp. for about $400,000, a person familiar with his appearance said. Last week, he reminisced about the White House for Carlyle Group LP, one of the world’s biggest private equity firms, according to two people who were there. Next week, he’ll give a keynote speech at investment bank Cantor Fitzgerald LP’s health-care conference.Now all he needs to do is use his foundation to raise money for Hurricane Irma victims in Barbuda, use that money to hire his buddies to rebuild the island and then sit back and wait for the kickbacks to roll in...then the transition to the Clinton Foundation will be complete.
Of course, as Bloomberg also notes, Obama's speeches previously went unreported for some odd reason. Frankly, we're shocked that these speeches didn't manage to attract the media's attention until now...they must have just missed it.
Obama’s appearance at the Carlyle conference in Washington was previously unreported. The private equity giant has enjoyed some of the best political connections in the world, with executives and advisers who have included former presidents, prime ministers and cabinet secretaries. Obama discussed his life and the decisions he made in the White House, the people who heard him said. A spokesman for the firm wouldn’t comment.Meanwhile, we're almost certain that Obama will ignore conflict of interest concerns being raised given that he continues to exert his influence in the political world.
But Jeff Hauser, who studies political corruption as head of the Revolving Door Project in Washington, said Obama should play by the same rules as other politicians because of his ongoing work with the Democratic Party."Not everyone's going to be a Jimmy Carter," indeed.