Michael Bloomberg, who in addition to being an inconceivably rich media mogul and mayor is also the chairman of the National September 11 Memorial and Museum, is offering the organization a $15 million loan, at just .3 percent interest, from "a corporate entity of which he is the only shareholder," the Times reports. While the good deal for a great cause easily beats any bank's offer, Bloomberg did not explain "why the money is being proffered as a loan rather than a gift," but we won't speculate on his business and charity acumen in this case.
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