Obama to Earn $400K Speaking Fee at Wall Street Conference

Former President Barack Obama has a big payday coming when he speaks at a Wall Street conference later this year.

According to Fox Business, Obama will be paid $400,000 to be the keynote speaker at an event put on by Cantor Fitzgerald LP. The network reports that former Secretary of State Hillary Clinton's fee for speaking at a private business was roughly half of Obama's.

Obama's participation at the healthcare conference has not yet been publicly announced, but Fox Business cites people who work at Cantor, an investment bank, as saying a contract has been signed.

"Is there an irony here because he spoke incessantly about the income gap and is now earning from those same people he criticized? Yes it is," Democratic political consultant Hank Sheinkopf told Fox. "Should we expect it? Yes, we should because all former presidents do this. He went on the attack against Wall Street and now he's being fed by those same people he called 'fat cats.' It's more hypocritical than ironic."

Obama's speech is slated for September and will take place during a healthcare luncheon. It's unclear what the status of the Affordable Care Act, which Obama signed into law in 2010, will be. Republicans have vowed to repeal and replace the federal law under President Donald Trump.

Clinton came under fire during her presidential campaign last year for giving speeches to Wall Street banks after her husband Bill served two terms as president.

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