dglobalnews.com Barack Obama Reportedly Banking $400k for Wall Street Speech
Published: Thu, April 27, 2017
National | By Glenda Ortiz

Barack Obama Reportedly Banking $400k for Wall Street Speech

Barack Obama Reportedly Banking $400k for Wall Street Speech

Former President Barack Obama waves with his wife Michelle as they board Special Air Mission 28000, a Boeing 747, which serves as Air Force One, at Joint Base Andrews, Maryland, Jan. 20, 2017.

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According to a Fox Business report, Obama is slated to earn $400,000 for a single speech when he addresses a group of Wall Street bankers at a health care conference in September.

The speech comes as a surprise to some, considering Obama's criticisms of Wall Street during his presidency.

The lucrative speaking engagement was reported by Fox Business.

That brand of populism clearly has very broad appeal, and now Democrats are being put in the position of deciding whether their former president should take $400,000 from Wall Street for a speech.

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"Whether fair or not, it's not hard to look at Wall Street paying $400,000 to Obama as a reward for [the lack of prosecutions for anybody involved in the financial crisis]". BBC reports that many have openly criticised Obama's decision to give the speech saying that it would undermine everything he believed in.

The New York Post, meanwhile, said his speech made him "Wall Street's newest fat cat". She later came under enormous criticism during her campaign for receiving so much money to speak to Wall Street firms.

"Should we expect it?"

"We're not trying to push financial reform because we begrudge success that's fairly earned". Francoise Djerejian said: "Good for you Mr President, you deserve a lot more and they are lucky to get you!" "If this material goes well, I'll use it at Goldman Sachs next year", he quipped at the White House Correspondents Dinner. She was paid $225,000 (Ksh22.5 million).

Barack Obama is about to join the list of ex-presidents who make staggering amounts of money for doing what politicians do best: talking.

Howard Lutnick, the bank's chairman and chief executive, backed Jeb Bush, the Republican candidate defeated by Donald Trump in last year's contest, according to campaignmoney.com.

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