Obama's paid Wall Street speech distasteful: Sanders

Independent Senator Bernie Sanders has criticized former President Barack Obama’s plan to receive $400,000 for speaking at a Wall Street conference later this year.

Speaking on CNN on Friday, the former Democratic candidate described the transaction as “not a good idea,” adding that he was “sorry President Obama made that choice.”

“I just think it does not look good,” Sanders said. “I just think it is distasteful — not a good idea that he did that.”

During campaigning for the Democratic presidential nomination, Sanders had repeatedly attacked rival Hillary Clinton for making paid speeches to Wall Street banks.

Former US President Barack Obama

According to a report by CNN, Hillary Clinton and her husband, former President Bill Clinton, made a combined $153 million off paid speeches from 2001 to 2015. The couple gave 729 speeches from February 2001 to May 2015 for an average payout of $210,795 for each speech.

Sanders had demanded Clinton release…

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