"You can’t corner people so totally and so badly that they have no way out," Pawlenty said, according to Bloomberg.

The former governor took over as CEO of the Financial Services Roundtable in November, just days before the presidential election. As head of the prestigious K Street firm, he now represents 100 integrated financial services companies providing banking, insurance and investment products. He had previously served as a co-chairman of Mitt Romney's 2012 presidential campaign.