New York Times


Goldman Sachs, which WaMu hired as its advisor, reportedlylaunched the process several days ago and contacted Wells Fargo, JPMorgan Chase and HSBC as potential bidders, the newspaper reported.Other options for raising capital also are being considered.


Also Wednesday, WaMu filed with the SEC a letter from TPGwherein the priate equity firm waived its right to be compensatedfor any significant dilution related to an additional capital raiseor sale by WaMu. TPG put up $2 billion of the $7.2-billion capitalinjection WaMu received this spring.WaMu shares fell 13% to $2.01on Wednesday but rebounded in after-hours trading. For the fullNew York Times article, click here.

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