exactly the CEO already stated they did not need to raise more capital.
WM 2.00, -0.73, -26.7%) provided an update on its financial health, saying that its provision for loan losses in the third quarter will fall from the prior period and that it remains "well capitalized" with retail deposit balances relatively stable versus the end of 2007.
TPG will give them more cash. With the way banks and broker are going under it would make sense for them to help WM if need to make sure they survive. They will be among a small list of banks when the dust clears. It will make them much stronger.