Obama's latest gift to his detractors: a $400000 Wall Street speaking gig

26 April, 2017, 09:01 | Author: Elaine Woods
  • 400K for Clintons protege Obama Affair of the year

Obama's speaking engagement at a conference run by Cantor Fitzgerald LP was confirmed by senior people at the firm, according to Fox Business. His speaking fee will be almost double what twice-failed Democratic presidential candidate Hillary Clinton charges for her Wall Street speeches.

Although Obama has reportedly signed the contract to speak at Cantor's health care conference, the firm has yet to make a formal announcement.

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. Obama, a progressive Democrat, spoke frequently about Wall Street greed during his eight years as president, and now he's accepting a speaking fee from the industry he singled out as the main culprit of the banking collapse. 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. According to the report, a spokesperson at the firm hasn't commented on the matter, but hasn't denied that Barack Obama will give a speech at the Wall Street event.

The network's sources said Obama has signed a contract for the speech with the mid-size investment bank in NY.

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He was pictured kite-surfing in February with Richard Branson off the Virgin tycoon's private Caribbean island.

Mr Obama additionally took in a Broadway play in New York City before eating with U2's Bono.

The 44th president has acknowledged an offer to talk at a social insurance gathering facilitated by Cantor Fitzgerald in September, US media report.

They are expected to receive $65m for the deal.

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