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Wall Street Says "Thanks, Barry"; Obama to Get 400k "Speaking Fee"

Rejected submission by -- OriginalOwner_ http://tinyurl.com/OriginalOwner at 2017-04-27 04:14:56 from the quid-pro-quo dept.
Business

Common Dreams reports [commondreams.org]

Former President Barack Obama is garnering criticism for netting a whopping $400,000 [theguardian.com][1] for his first major speech since leaving office--a speech to Wall Street firm Cantor Fitzgerald, scheduled to take place in September.

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.

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

[1] Unchecked HTML styling in page. I had to use View; Use Style; No Style.

Prices have gone up. Hillary was only getting half of that when she was on the campaign trail.


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