Picard Hits Homer vs. Mets

2) Irving Picard is a dislikeable character. Picard and his legal wrecking machine are not just a formidable crew, but they are arguably the most hated people on Wall Street, aside from everyone else that's hated on Wall Street. Thus far, Pic's team has recovered $11 billion, which might be enough to purchase the National League's entire Eastern Division. If there's anyone who could remotely make Eliot Spitzer and Lloyd Blankfein look likeable, it would be Picard. 

3) There's still a bull market in lawsuits and the attorneys on both sides are getting rich. Mets owners settled for $162 million, but how much did their legal counsel vacuum in before reaching it? No matter how much Mets legal advisors try to spin the settlement into a positive thing, it's a very long way — probably light-years away — from the owners' original goal of a total victory.

4) In retrospect, Bernard Madoff's multibillion investment scam was really a "Madoff Scheme" and not a "Ponzi Scheme." Memo to the media: Get your story straight and stop slandering a dead man.

Ron DeLegge is the editor of ETFguide.com and author of Gents with No Cents: A Closer Look at Wall Street, its Customers, Financial Regulators and the Media (Half Full Publishing Group, 2011).