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Obama criticised for ‘$400,000 Wall Street speech’

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Former US President Barack Obama is being criticised for reportedly agreeing a $400,000 (£310,000) fee for a speech to a Wall Street bank.

The 44th president has accepted an offer to speak at a healthcare conference hosted by Cantor Fitzgerald in September, US media report.

The deal comes less than 100 days after Mr Obama left office.

In 2009, he told CBS: “I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.”

Mr Obama has reportedly agreed to be a keynote speaker at an event hosted by Cantor Fitzgerald LP, an investment bank that lost more than two-thirds of its staff in the attack on the World Trade Center on 11 September 2001.

The fee is nearly twice the $225,000 that Hillary Clinton received for three speeches to Goldman Sachs in 2015.

She was heavily criticised during last year’s presidential campaign for her Wall Street speeches, with activists on both sides of the political spectrum demanding she release the transcripts.

During Mr Obama’s two terms as US president he at times seemed to have strained relations with the financial sector.

He deplored high bonuses paid to bank executives, and said Wall Street shared blame for the 2008 financial crisis.

Some liberals have criticised Mr Obama’s speech decision, with one writer saying it “will undermine everything he believes in”.

The New York Post, meanwhile, said his speech made him “Wall Street’s newest fat cat”.


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  1. Angus Rangus April 27, 2017 at 1:56 PM -  Reply

    The “communial organizing’ be on!!

    Today’s email came from Greg Gianforte… running to fill the single House seat left vacant by President TRUMP in Montana… pleading for funds to battle the ‘out-of-stater’ Pelosi / Schumer / Soros CommieBaggers pouring $millions into a state of Super Majority TRUE Republicans.

    My reply to Greg:

    “” INDEED… Greg, you need to assure the citizens of Montana… there voices locally are being drowned out by $$$ from the DNC = = = DemonKKKrat Nationale Commies!!

    PLEASE… stand apart and do not look for your own Commie George Soros moneybaggers … to take away true citizen initiatives of your beautiful state.

    Let them know you are a REAL Conservative / Libertarian / Originalist / TEA Party Republican that embraces our Founders …

    … to shutter 75% of the DC Money Laundry operating outside ‘enumerated powers’ … usurping ‘states rights’ despite the clarify of the 10th Amendment!

    … to steer for a FLAT TAX to shutter the IRS and stop ‘going below ZERO’ with ‘preapplied payroll taxes’ plus a check for $5,400 for inept ‘refundable tax credits’ of that 47%!!

    … to steer for total REPEAL of all illegal Federal GOVT control of 1/6 of ANY part of our US Economy — whether HealthCare or Health INsurance that only ‘states’ can do!!!

    … to demand your state of Montana restore its sovereign power to decide “specific citizen welfare” … even with Single Payor Welfare IF your state so chooses!!

    Imagine, Greg… that $20 Trillion National Debt … will automajically increase by the $120 Trillion Unfunded Liablity for SS & Medicare… with unfunded Medicaid about to top Medicare in expenses this year??

    Tell you citizens the DNC has wasted $140 TRILLION over the past 50 years fighting LBJ’s Great Society War on Poverty – with not a single battle won to date!!

    Best of luck leveling with people who really don’t want yet another Commie destroying their Grandkids’ future… remind them it hasn’t worked in a single Commie nation tried in the past 150 years!!

    Sincerely and most respectfully,
    That Guy sometimes monikering Angus Rangus “

  2. Old Jim April 27, 2017 at 2:04 PM -  Reply

    QUID PRO QUO… { whoever pays me gets the lamb??}

    … or QUO VADIS?? {“where are you going?”}

    Imagine a lifelong Communist Street THUG Wannabe… who had to LIE about even being on that street corner without a single recorded Che Guevara / MAO / Saul Alinsky / Noam Chomsky / Malcolm X or daddie Frankie Davis interpretive reading??

    NOW… using the abjectly miserably failed 8 long years of White House THUGocracy in accomplishing ZILCH / NADA / ZIP / ZERO … that helped any but George Soros & Daddy Warbucks…
    … he “steals” the same kinda’ ‘speaking fees’ Wild Bill & BILLARY ‘commanded’ in the open marketplace of failed Commie ideas??

    Does Commie BARAMA yet have a One World Peace Open Borders All Komrades Money Laundry… to spend as he pleases without divesting to IRS??

    How about South Side Theatre??

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