Obama making big-money speeches to Wall Street firms: report

Former President Barack ObamaBarack Hussein ObamaBiden inaugural committee raised M with big sums from billionaires, corporations To confront corporate power, President Biden needs Jonathan Kanter Minneapolis mayor on Floyd: 'Ultimately his life will have bettered our city' MORE is reportedly giving speeches on Wall Street for hundreds of thousands of dollars.

Obama made approximately $400,000 speaking to clients of Northern Trust Corp. last month, Bloomberg reported Monday. He also spoke with Carlyle Group LP last week and is slated to be a keynote speaker at Cantor Fitzgerald LP’s conference on health care next week.

Obama received criticism earlier this year after it was reported that he would speak at Cantor Fitzgerald’s health conference for a fee of $400,000.

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Kevin Lewis, a spokesman for Obama, told the news outlet that the since the end of his White House tenure, the former president has given speeches “true to his values.”

“His paid speeches in part have allowed President Obama to contribute $2 million to Chicago programs offering job training and employment opportunities to low-income youth,” Lewis said.

Obama has not always had a cozy relationship with Wall Street. In 2009, the then-president slammed bankers for their role in the financial crisis. His administration issued a number of new rules and regulations to try and rein in the largest banks, but did not prosecute any CEOs and resisted calls from his party to break up the largest institutions.

Wall Street speeches were a thorn in the side for former Democratic presidential nominee Hillary ClintonHillary Diane Rodham ClintonPelosi on power in DC: 'You have to seize it' Cuba readies for life without Castro Chelsea Clinton: Pics of Trump getting vaccinated would help him 'claim credit' MORE during her party’s 2016 primary. Sen. Bernie SandersBernie SandersOn The Money: Yellen touts 'whole-of-economy' plan to fight climate change | Senate GOP adopts symbolic earmark ban, digs in on debt limit GOP lawmaker demands review over FBI saying baseball shooting was 'suicide by cop' House Dems to unveil drug pricing measure ahead of Biden package MORE (I-Vt.) repeatedly criticized Clinton for her relationship with Wall Street firms and railed against speeches she gave after she departed from the Obama administration, where she was secretary of State.