JP's capital raising

Why is JPM raising new capital? Better commentators than me seem confused, but isn't it just the Bear portfolio? JPM's sweetheart deal with the FED amortises over eighteen months and so they need new capital to support the extra Bear assets. And the cost of this capital?

The non-cumulative securities priced to yield 419 basis points more than U.S. Treasuries due in 2018 and pay a fixed rate of 7.9 percent for 10 years.