The Last of Lehman Brothers

James Peck spoke to Bloomberg about the end of Lehman Brothers, the bank whose collapse marked the beginning of the 2008 financial crisis.

When Lehman went under, James was the federal judge who oversaw the collapse. A relative rookie on the bankruptcy bench, James approved the sale of the bank’s brokerage unit to Barclays Plc for $1.75 billion, a deal that ensured the orderly transfer of hundreds of thousands of customer accounts, saved 10,000 jobs on Wall Street, and possibly prevented the global financial system from spiraling further out of control.

“I probably think about it a little bit every day,” James said. “I learned a tremendous amount and met wonderfully interesting people all over the planet…many of whom are still my friends.”

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