Friday, March 19, 2010

Rock star gone banker, Kiss founder loans 6 billion against life insurance at labor flat

http://www.businessweek.com/news/2010-03-19/kiss-s-simmons-says-wealthy-must-know-your-choices-update1-.html

"We have access to literally $7 billion to loan you against your life insurance policy at Libor flat," Simmons said, referring to the London interbank offered rate, a lending benchmark that was set at 0.278 percent today.