— Matt Taibbi and Molly CrabappleIt didn’t happen. On February 22, 2011, Judge Peck sent down his ruling on the Barclays-Lehman case. The 103-page ruling is, to put it kindly, a hilarious cop-out from a legal standpoint. Peck flatly denied all relief to the Lehman creditors. His reasoning was based entirely on the idea that nothing would have been different if all these ugly facts had been disclosed.
Replicated under Fair Use from The Divide: American Injustice in the Age of the Wealth Gap by Matt Taibbi and Molly Crabapple. (Pg. 190)