Blankfein Calls Defeat of ‘Sensible Politican’ Cantor Stunning

Jun 11, 2014 8:37 am ET

June 11 (Bloomberg) -- U.S. House Majority Leader Eric Cantor’s loss in Virginia’s Republican primary last night raises concerns about the future of political compromise, Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein said.

“It was stunning,” Blankfein said in a television interview with CNBC today. “Eric Cantor in my view was a sensible politician who devoted himself to public service.”

“I hope it doesn’t mean that it will be impossible from this point forward to compromise on issues like the budget, immigration policy,” Blankfein added. “This is not necessarily a good signal but we’ll have to see how this plays out.”

Blankfein, responding to a question, said that criticism of former Secretary of State Hillary Clinton for being too close to Wall Street is “totally unfair.” Clinton, a Democrat, is considered a potential presidential candidate in 2016.

“These days anybody who’s a moderate will be accused by each side of being too close to the other side,” he said. “Secretary Clinton understands this -- at the end of the day you can’t stake out a position and never compromise.”