Page 8 - Term Sheets News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Reports about this, the term sheets which are the legal document that outlines the terms of the trade had a space for the amount of hair cut that was going to be required. >> hair cut is a technical term which is when you discount the amount. if i have a bond on 100 cents on the dollar, you pay 80 cents on the dollar, you pay me 20 cents, that's the hair cut you pay me. >> goldman sachs was doing well at the time of the crisis. they bet hard against the securities. a partial hair cut on some of the things swront hurt them very much. >> that's the question. the geithner philosophy was kind of n...

The low end, $100, on the site. at the high end, they give guidance on compliance. one of the advantages is they've got templates for term sheets. entrepreneurs go term sheets, no clue. there are examples that you can use. >> this is such an interesting idea. we talk so much on the show about getting friends and family to invest. but what this does, it creates a way to do it that makes sense. and it's -- formal and legal and it does a good job. >> profunder.com. >> thank you very much, bruce, appreciate it. we recently met dozens of small business owners at the national association of music ...