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Former President Barack Obama hosts a conversation on civic engagement and community organizing, Monday, April 24, 2017, at the University of Chicago in Chicago. It's the former president's first public event of his post-presidential life in the place where he started his political career. (AP Photo/Charles Rex Arbogast)

Do you care if Obama gets paid $400K for giving a speech?


President Obama is facing serious backlash from his Dem colleagues over his speaking fees.

Sen. Bernie Sanders said he was disappointed that the former president accepted $400,000 to give a speech at a leading investment firm in New York this summer.

"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 on CBS "This Morning."

Elizabeth Warren echoed those same sentiments on Thursday, said she was "troubled" by the deal when asked her opinion on Sirius XM’s “Alter Family Politics” radio show Thursday morning.

This would be the second time Obama pocketed $400,000 for a speaking engagement, according to The New York Post.

Obama's spokesperson insists he's remained true to his values and would never let Wall Street buy him out, no matter the cost.

Here's a statement from Obama's spokesman Eric Schultz:

"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 FDR."


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