Obama Is Cashing In With Lucrative Wall Street Speech

Adjust Comment Print

While Obama railed against "fat cat bankers" on the campaign trail, during his tenure as president he oversaw the massive bailout for the firms responsible for the 2008 crisis, picked former Wall Street executives for his cabinet, and not a single banker went to jail.

Obama's payday is reportedly twice what Hillary Clinton charged for similar private speeches with businesses.

The move is a surprising one for Obama, who was a frequent critic of big banks and who pushed for the Dodd-Frank Wall Street regulations.

The New York Post, in the interim, said his discourse made him "Money Street's most up to date tycoon". Obama's speaking fee will be $400,000, which is nearly double what Hillary Clinton earned from private businesses to give speeches. She later came under huge criticism during her campaign for receiving so much money to speak to Wall Street firms.

The former president did not mention President Trump or offer political commentary during his appearance at the University of Chicago.

Illegal pot use increased MORE in states with medical laws
He notes that the first time period in the study was 1991 when marijuana use in the United States was at an all-time low. Eight of those states plus the district have also legalized the drug for recreational use.

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.

Sources revealed to Fox Business that the former president has already signed the contract with the financial services firm to appear at their company event.

Hillary Clinton was taken to task during the presidential campaign past year for her speeches to Goldman Sachs in 2015. Francoise Djerejian said: "Good for you Mr President, you deserve a lot more and they are lucky to get you!" Republicans and Democrats alike wanted transcripts released from three speeches she gave for $225,000. Under Obama, the Federal Reserve pumped trillions of dollars of virtually free cash into the financial markets, more than tripling the value of the Dow.

It has been reported that in total, Clinton has made over $22 million from giving speeches at events since resigning as Secretary of State in 2013.

Comments