{"id":8391,"date":"2008-08-18T00:00:00","date_gmt":"2008-08-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"morgan-stanley-goldman-change-lending-systems","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2008\/morgan-stanley-goldman-change-lending-systems.html","title":{"rendered":"Morgan Stanley, Goldman change lending systems"},"content":{"rendered":"<p>Boston Globe &#8211; Morgan Stanley and Goldman Sachs are responding to the credit crisis with a system that uses the market&#8217;s view of their own creditworthiness as a basis for lending decisions, the Financial Times reported.<\/p>\n<div>\n<div class=\"embed\">                                                            <\/div>\n<\/div>\n<p>Wall Street&#8217;s second-largest investment bank Morgan Stanley is essentially tying its promise to provide financing to hedge fund clients to the price of credit insurance on its own debt, it said.<\/p>\n<p>If the cost of the protection rises to a certain level, that would trigger a reduction in Morgan Stanley&#8217;s commitments to hedge funds, the quoted people familiar with the situation as saying.<\/p>\n<p>The message is that &quot;if our firm is in trouble, we would rather fund ourselves than fund you (hedge funds),&quot; the paper quoted a brokerage executive with knowledge of the arrangements as saying.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.boston.com\/business\/articles\/2008\/08\/18\/morgan_stanley_updates_lending_systems_report\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston Globe &#8211; Morgan Stanley and Goldman Sachs are responding to the credit crisis with a system that uses the market&#8217;s view of their own creditworthiness as a basis for lending decisions, the Financial Times reported. Wall Street&#8217;s second-largest investment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[646,1111,229,2200,1320,406,147,421,101,1864,699],"class_list":["post-8391","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-arthur-sulzberger","tag-coo","tag-eton-park","tag-global-credit","tag-globe-russia","tag-investment-funds","tag-journalism","tag-nutmeg","tag-raanan-agus","tag-regan","tag-volatility"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8391"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8391\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}