Obama's latest gift to his detractors: a $400000 Wall Street speaking gig

Gasparino: Obama To Receive $400000 Fee For Cantor-Fitzgerald Wall Street Speech

He had also criticized the big bank employees as "fat cat bankers on Wall Street" in the same interview.

That brand of populism clearly has very broad appeal, and now Democrats are being put in the position of deciding whether their former president should take $400,000 from Wall Street for a speech.

Baruch College Dean of Public and International Affairs David Birdsell said the upcoming speech is controversial because Obama was often a critic of Wall Street on the campaign trail and during his presidency. "Yes it is", he told the New York Post.

During his time in office, former President Barack Obama was tough on the financial industry, including calling Wall Street bankers "fat cats". A blockbuster auction had already set a record for United States presidential memoirs.

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"Whether fair or not, it's not hard to look at Wall Street paying $400,000 to Obama as a reward for [the lack of prosecutions for anybody involved in the financial crisis]".

Fox Business Network's Charlie Gasparino reported Monday afternoon that former President Obama is set to receive $400,000 for a speaking engagement at a Cantor-Fitzgerald event in the fall. "A man who always called out Wall Street greed", one Mad World News reader commented on the site's Facebook page. I wonder if there's more going on here that we don't know yet? She was paid $225,000 (Ksh22.5 million). "It's more hypocritical than ironic".

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. Since Donald Trump took office, interest in the Obamas hasn't ceased. They were paid a $60 million advance to write about their experience in the White House and to spill on various details they never revealed to the media.

The 44th president has acknowledged an offer to talk at a social insurance gathering facilitated by Cantor Fitzgerald in September, US media report.

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