Matt Taibbi Rips Idea Of Larry Summers Running Federal Reserve

Ever since it leaked that Larry Summers could very well replace Ben Bernanke as Federal Reserve chairman, he's become the intellectual punching bag of many a critic -- Paul Krugman and Bette Midler included.

Add to that list Rolling Stone columnist Matt Taibbi. The bestselling author joined HuffPost Live Thursday and while there expressed his reservations with the idea of the former chief economic adviser to President Barack Obama taking over the Fed.

Wikileaks Was Just a Preview: We're Headed for an Even Bigger Showdown Over Secrets

I went yesterday to a screening of We Steal Secrets, Oscar-winning director Alex Gibney's brilliant new documentary about Wikileaks. The movie is beautiful and profound, an incredible story that's about many things all at once, including the incredible Shakespearean narrative that is the life of Julian Assange, a free-information radical who has become an uncompromising guarder of secrets.

I'll do a full review in a few months, when We Steal Secrets comes out, but I bring it up now because the whole issue of secrets and how we keep them is increasingly in the news, to the point where I think we're headed for a major confrontation between the government and the public over the issue, one bigger in scale than even the Wikileaks episode.

Matt Taibbi: JPMorgan Hearings Showed That 'We Have Absolutely No Idea What's Going On' At Banks

If there's been one positive result of the largest U.S. bank grappling with $6.2 billion in trading losses, perhaps it's everyone else learning how little we truly know about these massive institutions.

Matt Taibbi recently told Sam Seder's Majority Report that a Senate committee's recent grilling of former JPMorgan Chase executives over the London Whale scandal was a pivotal moment for those hoping to hold banks more accountable.

Matt Taibbi: 'The Bailouts Officially Created A Sucker Class' (Here's Who's In It)

Finally, we have a term for all of those people who've gotten screwed over by the bailouts: "The sucker class."

The stated intention of the post-financial crisis bailouts was to keep the economy from collapsing and ensure the economic well-being of ordinary Americans, but in reality, the bailouts had the opposite effect, according to Rolling Stone’s Matt Taibbi.

“[The] bitter reality … is that the bailouts officially created a sucker class,” he writes in his most recent article.

Matt Taibbi: Mark Carney Just 'Another Goldman Creature'

Matt Taibbi, the Rolling Stone finance writer who rose to fame with his description of Goldman Sachs as a “vampire squid,” set his sights on Mark Carney in a blog post Thursday.

Clearly, Taibbi is no fan of the current Bank of Canada governor and soon-to-be Bank of England governor.