Obama criticised for '$400000 Wall Street speech'

Barack and Michelle Obama

Previous US President Barack Obama is being reprimanded for purportedly concurring a $400,000 (£310,000) expense for a discourse to a Wall Street bank.

Insiders at the firm Cantor Fitzgerald LP confirmed to Fox Business that Obama signed a contract to be the keynote speaker at its health care conference.

He condemned high rewards paid to bank officials, and said Wall Street shared fault for the 2008 monetary emergency.

Sources revealed to Fox Business that the former president has already signed the contract with the financial services firm to appear at their company event.

Pretty sweet gig though. that's an entire year of POTUS salary in a single day. His speaking fee will be almost double what twice-failed Democratic presidential candidate Hillary Clinton charges for her Wall Street speeches.

She was vigorously reprimanded amid a year ago's presidential battle for her Wall Street addresses, with activists on both sides of the political range requesting she discharge the transcripts.




The news comes on the same day that Obama attended his first public event since leaving office.

Obama's actions towards Wall Street were less aggressive than his rhetoric.

The network's sources said Obama has signed a contract for the speech with the mid-size investment bank in NY.

"Is there an irony here because he spoke incessantly about the income gap and is now earning from those same people he criticized?"

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

In 2009, he told CBS: "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street". They've enjoyed an extended vacation since January 20, and are in the process of writing their own books.

Related news:

Hot News

isis-killer-beheading-video-story-top FCC Chair to Discuss Net Neutrality Strategy Wednesday
Apr 26, 2017 - 09:00
Supporters of the broadband industry argue that ISPs should be able to seek out new business models to stay competitive. Democrats and privacy advocates have said net neutrality is crucial to keeping the internet open.

isis-killer-beheading-video-story-top 14 killed in Taliban attack in Pakistan's tribal belt
Apr 26, 2017 - 08:57
For more than a decade, Pakistan has been fighting religious and sectarian militants who have killed tens of thousands of people. The improvised explosive device (IED) blast targeted the van in Kontara village in central Kurram Agency.

isis-killer-beheading-video-story-top Jurassic World 2 Will Head Underwater
Apr 26, 2017 - 08:56
The world has changed a lot since Ian Malcolm went to Jurassic Park and we need his point of view now more than ever. Goldblum will be joining Chris Pratt and Bryce Dallas Howard in the now filming yet-to-be-officially-titled sequel.

Haley won't rule out strike vs North Korea for nuke testing
Apr 25, 2017 - 13:20
Yonhap says that North Korean leader Kim Jong Un likely observed what was one of the country's largest artillery drills. The submarine arrived on the same day North Korea celebrates the anniversary of the founding of its military.

isis-killer-beheading-video-story-top Chechen Leader Denies Anti-Gay Purge in Putin Meeting
Apr 25, 2017 - 13:18
He has carried out other violent campaigns in the past, and this time he is directing his efforts at the LGBT community. Police and government officials have also encouraged so-called "honor killings" by outing gay men to their families.

isis-killer-beheading-video-story-top Hawks even up series with Wizards with Game 4 win
Apr 25, 2017 - 13:15
Atlanta's Dennis Schroder and Washington's John Wall have been two of the focal points in the series, which the Wizards lead 2-1. Serge Ibaka contributed 19 points, DeMar DeRozan had 18, DeMarre Carroll added 12 and Cory Joseph scored 10 off the bench.

Toure wants a better deal from ref in derby
Apr 25, 2017 - 13:13
As much as they are all looking forward to the FA Cup final, Cech especially, they have a big task before then. "I think we are going to be under pressure in every game now", he said.

isis-killer-beheading-video-story-top Welsh electoral 'earthquake' of Tory gains suggested by poll
Apr 25, 2017 - 13:11
Plaid Cymru, the Welsh nationalists, were third on 13 percent with the Liberal Democrats on 8 percent and UKIP on 6 percent. But former Plaid leader, Ieuan Wyn Jones, is seeking selection as a candidate in his former Ynys Mon constituency.

isis-killer-beheading-video-story-top Nokia 3310 (2017) Pre-order Expected to Open on May 5 in…
Apr 25, 2017 - 13:09
The device will come in limited supplies maybe because Nokia wants to test its response in India before it takes a huge risk. The device sports 16MB internal memory with 32GB external storage over microSD card and 2 MP rear camera with LED flash.

isis-killer-beheading-video-story-top Carragher: This Liverpool player has awoken from mid-season slumber
Apr 24, 2017 - 06:00
However, before the game had restarted, he was seen shaking hands with Mamadou Sakho - a player on loan from Liverpool at Palace. Palace are probably safe now, but the real damage has been done to Liverpool's bid to finish in the top four.

isis-killer-beheading-video-story-top Dortmund coach says Marc Bartra could return in 4 weeks
Apr 24, 2017 - 05:51
And they will have to do so again on Saturday, when Eintracht Frankfurt visits in the Bundesliga. When we were on the bus last night.

Messi's 500th Barca goal sinks Real Madrid in thriller
Apr 24, 2017 - 05:51
Real Madrid took the lead after 28 minutes when Casemiro finished from close range after Ramos had hit the post from a free-kick. Real, who have one game in hand, lead second-placed Barca , champions for the past two years, by three points.

HSBC Reiterated Barclays PLC (LON:BARC) As 'Buy'
Apr 24, 2017 - 05:49
Kepler Capital Markets upgraded shares of Pagegroup PLC (LON:MPI) to a buy rating in a research note published on Tuesday morning. Shares of HSBC Holdings plc ( NYSE:HSBC ) traded down 0.984% during mid-day trading on Wednesday, hitting $39.765.

'The Fate of the Furious' laps new films at box office
Apr 24, 2017 - 05:47
The Zach Braff-directed update of the 1979 heist comedy ends this weekend with an estimated domestic total of $31.8 million. It is expected to reach the $400 million mark there in the Middle Kingdom.

isis-killer-beheading-video-story-top Blake Griffin leaves Game 3 with bruised right big toe
Apr 24, 2017 - 05:47
Marreese Speights , starting the second half in place of Blake Griffin , added 9 points and was a +12 in his 19 minutes played. "We had a couple of days being pretty pissed off", Los Angeles forward Blake Griffin told reporters after scoring 24 points.