Lewis manage to get the job through personal connections. The procedure could be cut-throat, with the littlest thing disqualifying you for the job. His description of the interview process sounded more like a hazing. You had to rise up the ranks through force of will. You just don't want to get banished to Dallas.
Part of the the book then goes on to describe bond trading and mortgage backed securities. Solomon Brothers happened to be at the right place and the right time, ready to lead off the boom in mortgages. By bunching them together, they could get people the investment that they wanted. (Of course, a couple decades later, the whole thing would come crashing to the ground.)
After reading, I'm left thinking that "we are letting these guys manage our financial systems?" scary.
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