Warren 'troubled' by report of Wall Street-paid Obama speech

  • Warren 'troubled' by report of Wall Street-paid Obama speech

Warren 'troubled' by report of Wall Street-paid Obama speech

"I was troubled by that", said Senator Warren of the news during an April 27 airing of SiriusXM's "Alter Family Politics".

Former President Barack Obama hosts a conversation on civic engagement and community organizing at the University of Chicago in Chicago.

Elizabeth Warren isn't too keen about former President Barack Obama's $400,000 fee to address a Wall Street conference on healthcare this fall. "It's a snake that slithers through Washington", she said.

The speech has rankled Obama's supporters, who cheered Obama on when he was calling Wall Street types "fat cat bankers", blaming them and their greed for the Great Recession, and complaining about their outsize pay and bonuses, but can't figure out what to make of this enormous paycheck. The decision to accept such a large payday from one of the very establishments of the "fat cat bankers" Obama derided in office sparked chatter in Washington.

"I was troubled by that", Warren said when she learned Obama was charging $400,000 for his upcoming speech.

And he doesn't plan on slowing down any time soon: Harry Walker Agency, which represents the former president and his wife along the speaking circuit, is scheduling new appointments for the Obamas every single week.

Warren went on to speak more generally about the nature of money and politics.

The former president appeared at the A&E Networks advertising upfront at The Pierre Hotel in New York City where he was interviewed by historian Doris Kearns Goodwin for more than 90 minutes in front of the cable network's advertisers, The New York Post reported.

A spokesperson for Obama, Eric Schultz, defended the speaking engagement Wednesday, saying in a statement that health care reform had been central to Obama's presidency and is of importance to him.

Obama is following in the path of several other recent presidents who found they were able to easily monetize the experiences they gained in the world's most powerful elected position. Returning to the city he launched his political career in, he revealed his first post-White House project would focus on urging the next generation to become more politicised and civically engaged.