Obama Under Fire for $400K Speech to Wall Street 'Fat Cats'

Obama Under Fire for $400K Speech to Wall Street 'Fat Cats'

He pointed that Obama attacked Wall Street, but was now being fed by those who he once called fat cats. 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.

That hefty payout, which is roughly seven times the median household income in the USA, puts Obama in the same league as Bill Clinton on the lucrative presidential speaking circuit. From waterskiing with Richard Branson to chilling out in paradise and other exotic locations, Obama's made no secret that he was taking a much needed vacation. "Yes it is", Democratic political consultant Hank Sheinkopf tolf the New York Post. She later came under vast criticism during her campaign for receiving so much money to speak to Wall Street firms.

Obama doesn't really need the money: He earned over $14 million for his first three books, and bidding for his next deal (a package with Michelle) has run over $60 million.

"Should we expect it?" During his term, he blamed the "completely irresponsible actions on Wall Street" for the financial crisis.

Obama will speak at an event for Cantor Fitzgerald LP, the mid-sized New York-based investment bank, in September and will receive a whopping $US400,000 ($530,000) for his services.

Afghan defense minister, army chief resign after deadly Taliban attack
In March, another brazen Taliban attack killed dozens at the country's largest military hospital in the capital, Kabul. Ghani, American officials said, had to show that there was some degree of accountability in his government.

Hillary Clinton was taken to task during the presidential campaign a year ago for her speeches to Goldman Sachs in 2015.

Speaking fees from Wall Street firms, large corporations and universities have become an important source of income for former presidents and their family members. She was paid $225,000 (Ksh22.5 million). 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.

The Democrats are still seeking leadership, and their first legislative gain, since Donald Trump's victory.

Neither his officials or Cantor Fitzgerald could be reached to comment on the reports from the USA, where he is facing criticism for his decision to accept the engagement.

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