Unfortunately, yes. Of course a lot of it depends on the journal, but there are enough out there that will publish just about anything. Even the more serious journals sometimes let "bad apples" slip through.
In the end, peer reviewers are only humans too, make mistakes, have a lot of other work to do, and don't even get paid for their review work. Recently we had an extensive discussion on HN about problems facing science as an institution (based on this article: http://www.vox.com/2016/7/14/12016710/science-challeges-rese...). Peer review was the fourth point on their list of problems.
In the end, peer reviewers are only humans too, make mistakes, have a lot of other work to do, and don't even get paid for their review work. Recently we had an extensive discussion on HN about problems facing science as an institution (based on this article: http://www.vox.com/2016/7/14/12016710/science-challeges-rese...). Peer review was the fourth point on their list of problems.