General Discussion

riversedge

(70,205 posts) Sat Apr 29, 2017, 09:55 AM Apr 2017

Read about the Company where Pres Obama will give his speech....

Why Obama SHOULD Make That Speech - And Take The Paycheck For It Too

http://www.dailykos.com/stories/2017/4/28/1657222/-Why-Obama-SHOULD-Make-That-Speech-And-Take-The-Paycheck-For-It-Too

By MaureenMower

Friday Apr 28, 2017 · 4:36 PM CST

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2 — Cantor Fitzgerald survived both losing the largest single number of employees (658) of any company with offices in the World Trade Center on 9/11 and they also survived the financial crisis because they were NOT engaging in the same reckless behavior as the other financial firms (like Lehman, AIG, et al).

Moreover, Cantor Fitzgerald has done a great deal of philanthropic work in honor of their lost employees. Along with keeping a promise to use 25% of ALL profits they earned for the next 5 years to provide money to each of the original 658 families, they also promised to cover the health insurance costs for those families for 10 years. On top of this, they have continued the legacy of those lost employees, by making charitable donations to help the victims of Hurricane Sandy and of a huge tornado, as well as other acts of kindness.

So Obama, now a PRIVATE CITIZEN, is giving a speech to a firm that survived a horrible tragedy that has impacted life in America in uncountable ways ever since, and who turned their pain into positive action by not only taking care of their own, but helping others as well. They have also recovered as a company, avoided the worst behaviors that led to the 2008 financial crisis (actually profiting in a year when so many larger investment firms folded — and hiring when thousands were being laid off), and continue to invest in smart ways (one current project involves connecting people with their own local “mom & pop” shops).

Basically, Obama is being paid to give a speech to the ONE company on Wall Street that no one should be criticizing. Oh, and by the way — he’s giving this speech at their annual healthcare conference… a subject that Obama cares deeply about — and will forever be associated with since his signature healthcare legislation has been dubbed “Obamacare”. It’s also an issue that Cantor Fitzgerald championed even while still reeling from the losses they suffered on 9/11, by promising to cover the health care of the families of their lost employees for 10 years!!.................