Business Briefs

Despite joining bailout, BB&T says it prefers free market

Posted October 30, 2008 2:41 p.m. EDT

BB&T, which has donated over $30 million to colleges to teach free-market principles, says it opted to participate in the federal government’s $700 billion bailout of the financial industry because it was the right thing to do.

For details, see the Philanthropy Journal report.