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Barack Obama Raking in Six-Figures for Wall Street Speeches

Former President Barack Obama is following the lead for another Democrat – Bill Clinton – as he looks to cash in big time now that he has served out his second term.

Barry talked big back when he was running for office, especially after the great Wall Street-triggered recession that led to the 2008 bailout and the favoritism of his administration to the high-rollers over ordinary Americans who were wiped out by bad bets by gamblers.

Not one of the banksters who were responsible for crashing the economy ended up being punished by Obama’s Justice Department which was headed by one of the most jackleg crooked fixers of the modern era in Attorney General Eric Holder.

Holder eventually left office and returned to his old job as a highly paid lawyer for the big banks and now Obama is reaping the rewards for services rendered by giving six-figure speeches to firms engaged in money-changing. It’s a perfect example of the golden revolving door between Washington and Wall Street that whirls non-stop as corrupt politicians rush to get paid by their true constituents.

Via Bloomberg “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.

Last month, just before her book “What Happened” was published, Barack Obama spoke in New York to clients of Northern Trust Corp. for about $400,000, a person familiar with his appearance said. Last week, he reminisced about the White House for Carlyle Group LP, one of the world’s biggest private equity firms, according to two people who were there. Next week, he’ll give a keynote speech at investment bank Cantor Fitzgerald LP’s health-care conference.

Obama is coming to Wall Street less than a year after leaving the White House, following a path that’s well trod and well paid. While he can’t run for president, he continues to be an influential voice in a party torn between celebrating and vilifying corporate power. His new work with banks might suggest which side of the debate he’ll be on and disappoint anyone expecting him to avoid a trap that snared Clinton. Or, as some of his executive friends see it, he’s just a private citizen giving a few paid speeches to other successful people while writing his next book.

“He was the president of the entire United States — financial services are under that umbrella,” said former UBS Group AG executive Robert Wolf, an early supporter who joined the Obama Foundation board this year. “He doesn’t look at Wall Street like, ‘Oh, these are individuals who don’t want the best for the country.’ He doesn’t stereotype.”

The entire piece can be read HERE. It’s pretty fluffy and could have been written by Obama’s public relations team but the fact is that this charlatan is already raking it in hand over fist.

Obama has only embarked upon his post-public service career but given his popularity, could easily surpass the Scrooge McDuck money bin full of moola that the Clintons were able to parlay their names and influence into after Slick Willie left a slime trail on his way out of the White House.

The real Obama legacy is how he was able to hoodwink so many liberals into believing that he was some sort of man of the people and then sell them down the river with zero qualms about the betrayal.

Obama has another advantage on his predecessor and his greedball wife, he’s not stupid and won’t make the same mistakes that the peckerwood mafia made in building their global crime syndicate. serious ones that would one day come back to bite Hillary in her pasty white ass.

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Donn Marten

Donn Marten is a fearless truth teller who calls it like he sees it despite the prevailing establishment narrative. The opinions expressed belong solely to this author and not do not necessarily reflect those of CDN itself.

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