Look who is wooing Wall Street — former President Obama.
Less than a year of leaving the White House Obama has lined up three high-profile speaking gigs to some of the most powerful financial firms.
Last week Obama spoke to the Carlyle Group, one of the world’s biggest private equity firms with assets under management over $160 billion.
The DC-based financial firm has had many former politicians on board as advisors, including former President George H. W. Bush, who was senior advisor to the Carlyle Asia Advisory Board from April 1998 to October 2003 and former President Bush’s Secretary of State James Baker III.
Obama is also scheduled next week to give the keynote speech at investment bank Cantor Fitzgerald’s health-care conference
Cantor Chief Executive Officer Howard Lutnick told Bloomberg the former president will make remarks and take questions. The three-day conference for current and prospective clients begins Sept. 25. Obama will be paid about $400,000, according to a person familiar with the arrangement.
And it’s not just speaking fees that has the former president cozying up to bankers. A former Goldman Sachs banker is the financial advisor to the Obama Foundation — Robbie Robinson.
So much for his “fat cat” reference that Obama made about bankers in the midst of the Great Recession in 2009.