Sen. BErnei Sanders, I-VT, said he is disappointed that former President Obama received $400,000 for a speech to a leading investment firm, labeling it “unfortunate,” that the leader of the Democratic party would be so close to Wall Street.
“I think at a time when people are so frustrated with the power of Wall Street and the big money interests, I think it is unfortunate that President Obama is doing this,” Sanders said during an appearance on CBS’ “This Morning.”
“Wall Street has incredible power, and I would have hoped that the president would not have given a speech like this,” he added.
It was reported Wednesday that Obama would receive the huge payout to speak at Cantor Fitzgerald LP’s healthcare conference taking place in September.
A spokesman for the former President downplayed the idea that Wall Street would be affecting his policies.
“With regard to this or any speech involving Wall Street sponsors, I’d just point out that in 2008, Barack Obama raised more money from Wall Street than any candidate in history — and still went on to successfully pass and implement the toughest reforms on Wall Street since [former President Franklin Delano Roosevelt],” Obama spokesman Eric Schultz said in the statement.