Obama milks it 4 all its worth at $400,000 a Pop to the Big Bankers - is this Ethical?

Catalpast

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Nov 17, 2012
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Obama milks it 4 all its worth at $400,000 a Pop to the Big Bankers - is this Ethical?

Seems like Saint Barry O is not averse to using his status as an ex POTUS to milk it for all its worth....

I mean he is breaking no Law

- but is this Ethical?

Not in my books anyway....

Former president Barack Obama is reportedly earning up to $400,000 (£296,000) an hour for making speeches to investment banks.

The 56-year-old has been criticised by several Democratic senators who said they are “troubled” by the sums he is taking home.

Mr Obama is reported to have received the fee for delivering a lecture to clients of asset manager Northern Trust Corporation in New York in September.

Barack Obama earns '£300,000 an hour' with speeches to banks
 


NYCKY

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I saw this on Bloomberg yesterday.

https://www.bloomberg.com/news/articles/2017-09-18/obama-goes-from-white-house-to-wall-street-in-less-than-one-year

Hillary Clinton says she made a mistake when she gave speeches on Wall Street after leaving government. Taking money from banks, she writes in her new memoir, created the impression she was in their pocket.

Her old boss doesn’t seem to share her concern.
While he can’t run for president, he continues to be an influential voice in a party torn between celebrating and vilifying corporate power.
Seems like he wrestled with his conscience and won. Still, it's hard to begrudge the fellow a few hundred grand, maybe he will donate it to the Clinton Foundation. :D
 

Surkov

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5 years from now Obama will be worth almost as much as Tony Blair. Peas in a pod.
 

Mick Mac

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Obama milks it 4 all its worth at $400,000 a Pop to the Big Bankers - is this Ethical?

Seems like Saint Barry O is not averse to using his status as an ex POTUS to milk it for all its worth....

I mean he is breaking no Law

- but is this Ethical?

Not in my books anyway....

Former president Barack Obama is reportedly earning up to $400,000 (£296,000) an hour for making speeches to investment banks.

The 56-year-old has been criticised by several Democratic senators who said they are “troubled” by the sums he is taking home.

Mr Obama is reported to have received the fee for delivering a lecture to clients of asset manager Northern Trust Corporation in New York in September.

Barack Obama earns '£300,000 an hour' with speeches to banks
It's tacky. Hard not to be bought off in that system.
 

Surkov

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Obama Is Living in a Hillary Clinton Presidency
His willingness to make $400,000 speeches to Wall Street suggests that he has not adjusted to the new political landscape.
On Monday it was reported by Bloomberg that Obama in August accepted $400,000 for a speech he delivered to Northern Trust Corporation, a wealth management bank. That was followed last week by a speech to the Carlyle Group, a private equity firm. It had also been previously reported that Obama was receiving $400,000 from the bond firm Cantor Fitzgerald.

Democratic leaders are under intense pressure to repair an image that has been tarnished by accusations of elitism and corruption, Obama doesn’t seem to have received the memo.
Saint Obama indeed.
 

toughbutfair

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He did bail them out with a load of taxpayer money, this is his reward. Screw the average person ! He is just another greedy corrupt politician.
 

realistic1

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Obama milks it 4 all its worth at $400,000 a Pop to the Big Bankers - is this Ethical?

Seems like Saint Barry O is not averse to using his status as an ex POTUS to milk it for all its worth....

I mean he is breaking no Law

- but is this Ethical?

Not in my books anyway....

Former president Barack Obama is reportedly earning up to $400,000 (£296,000) an hour for making speeches to investment banks.

The 56-year-old has been criticised by several Democratic senators who said they are “troubled” by the sums he is taking home.

Mr Obama is reported to have received the fee for delivering a lecture to clients of asset manager Northern Trust Corporation in New York in September.

Barack Obama earns '£300,000 an hour' with speeches to banks
From the same school that brought us Tony Blair. At least with Trump he does not hide his greed when it comes to materialism and cash.
 

JCR

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Who is going to turn down 400K from a place worth multi billions? Whether or not it is ethical depends on where the cash goes and what he is saying to them obviously, and whether or not this means he will lobby for them to continue to rig the game.
 

sic transit

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He gets what people will pay and that's what they want him for, no less than any elders before him. Da Bert used to collect 5 figure sums and even RTE heads can command similar sums.
 

sic transit

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He did bail them out with a load of taxpayer money, this is his reward. Screw the average person ! He is just another greedy corrupt politician.
Just a fact check .He's not actually a politician any more so you're just stuck with greedy.
 

gerhard dengler

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Obama milks it 4 all its worth at $400,000 a Pop to the Big Bankers - is this Ethical?

Seems like Saint Barry O is not averse to using his status as an ex POTUS to milk it for all its worth....

I mean he is breaking no Law

- but is this Ethical?

Not in my books anyway....

Former president Barack Obama is reportedly earning up to $400,000 (£296,000) an hour for making speeches to investment banks.

The 56-year-old has been criticised by several Democratic senators who said they are “troubled” by the sums he is taking home.

Mr Obama is reported to have received the fee for delivering a lecture to clients of asset manager Northern Trust Corporation in New York in September.

Barack Obama earns '£300,000 an hour' with speeches to banks
Journalist Cal Thomas made an interesting point the other day.

He said that the day Harry Truman's term as president finished, he and his wife walked to the train station in Washington and caught the next train to his home in Missouri

Once out of office, Truman quickly decided that he did not wish to be on any corporate payroll, believing that taking advantage of such financial opportunities would diminish the integrity of the nation's highest office. He also turned down numerous offers for commercial endorsements. Since his earlier business ventures had proved unsuccessful, he had no personal savings. As a result, he faced financial challenges. Once Truman left the White House, his only income was his old army pension: $112.56 per month
https://en.wikipedia.org/wiki/Harry_S._Truman
 

sic transit

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And as usual you set out to prove something that is not actually true, save in your mind. The prefix ex- in English signifies former as in NOT current.
 

owedtojoy

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Obama milks it 4 all its worth at $400,000 a Pop to the Big Bankers - is this Ethical?

Seems like Saint Barry O is not averse to using his status as an ex POTUS to milk it for all its worth....

I mean he is breaking no Law

- but is this Ethical?

Not in my books anyway....

Former president Barack Obama is reportedly earning up to $400,000 (£296,000) an hour for making speeches to investment banks.

The 56-year-old has been criticised by several Democratic senators who said they are “troubled” by the sums he is taking home.

Mr Obama is reported to have received the fee for delivering a lecture to clients of asset manager Northern Trust Corporation in New York in September.

Barack Obama earns '£300,000 an hour' with speeches to banks
Bill Clinton $750,000 for a speech.

George W Bush 175,000 for a speech.

George H.W. Bush $40,000

But is only scandalous and worth the fake, hypocritical outrage when the black guy does it.

Speaking Fees for Former Presidents Top $750,000

And Fat-Arse is going to be giving free speeches, if he escapes Fort Leavenworth?

Give us a break.
 

NYCKY

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Messages
13,510
Is he still in receipt of a political pension, yes or no?
They get a pension of about $200k immediately upon leaving office (doesn't apply if they have been impeached/removed), this is about half their salary as POTUS. They also get secret service protection for life and a modest budget for an office and staff.

This is independent of any pensions they would receive from former jobs, Senator, Governor, Congressman etc
 


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