Photo: Allison Joyce/2013 Getty Images
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.
