Obama Accepts $400000 For Wall Street Speech

Obama Accepts $400000 For Wall Street Speech

However, Obama's decision to do so has come under fire - particularly from those recalling his 2009 statement to CBS that he did not run for office "to be helping out a bunch of fat cat bankers on Wall Street". Clinton was criticized for giving private speeches to banks and financial firms prior to her 2016 presidential campaign for the White House.

Progressives were deeply disappointed by Obama's approach to Wall Street during his presidency, and many are condemning his lucrative Wall Street speaking fee as an apparent retroactive reward for his administration's soft stance toward the one percent.

If that entails working on a memoir, publisher and literary agents consulted by the New York Times said such a contract would be worth somewhere between $12 and $30 million. Yes, we should because all former presidents do this. After long stints in public office, speaking engagements are a common way for people to drum up some extra income although it often leads to intense public scrutiny and criticism. He placed blame on Wall Street for the financial crisis and the unraveling it caused.

"Should we expect it?"

Though the New York Post reported Obama's camp had not yet confirmed the appearance, a spokeswoman for Canto did not deny that Obama had agreed to speak at the firm for the $400,000 fee.

Hillary Clinton was taken to task during the presidential campaign previous year for her speeches to Goldman Sachs in 2015. Yes, we should because all former presidents do this. Republicans and Democrats alike wanted transcripts released from three speeches she gave for $225,000.

What's more, quite recently this month, he and previous First Lady Michelle Obama were envisioned on board music head honcho David Geffen's extravagance yacht off French Polynesia.

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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