Will Grigg?s Liberty Minute

December 7 2009

Neel Kashkari went to Washington in 2006 as a 35-year-old assistant to then-Treasury Secretary Henry Paulson. A little more than a year later, Kashkari was in charge of bailout stricken investment banks.

It was Kashkari who established the now-notorious $700 billion bailout price tag. As the Washington Post notes, that figure was entirely arbitrary. Kashkari admits that ?Seven hundred billion was a number out of the air.? Five percent of the $14 trillion in combined residential and commercial mortgages was $700 billion, which Kashkari decided was ?a nice round number.?

Following his resignation last May, Kashkari left Washington for the mountains of northern California, where he is living ?off the grid.? The would-be architect of the new economy is now trying to build small sheds and cabins, with less than spectacular results.

If the government?s bailout of the banking system has even the slightest chance of working, why did the former bailout czar literally head for the hills?

Let us take back the liberty wherewith Christ has made us free.