Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholder's Equity (Deficit)

v2.4.0.6
Consolidated Statements of Stockholder's Equity (Deficit) (USD $)
In Thousands, except Share data, unless otherwise specified
Preferred Stock [Member]
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Total
Stockholders' equity (deficit) - beginning at Dec. 31, 2008 $ 152,500 $ 528 $ 1,033,416 $ (3,272,403) $ (307,573) $ (2,393,532)
Common stock, shares - beginning at Dec. 31, 2008   52,789,050        
Preferred stock, shares - beginning at Dec. 31, 2008 6,100,000          
Issuance of common stock   1 104     105
Issuance of common stock, shares   123,463        
Reclassification adjustment upon adoption of new impairment guidance       1,288,924 (1,288,924)   
Deconsolidation of CDO:            
Net income (loss)       (209,904)   (209,904)
Other comprehensive income (loss)         962,679 962,679
Stockholders' equity (deficit) - ending at Dec. 31, 2009 152,500 529 1,033,520 (2,193,383) (633,818) (1,640,652)
Common stock, shares - ending at Dec. 31, 2009   52,912,513        
Preferred stock, shares - beginning at Dec. 31, 2009 6,100,000          
Dividends declared          (19,484)    (19,484)
Exchange of preferred stock for common stock and cash (90,917) 91 31,782 43,043    (16,001)
Exchange of preferred stock for common stock and cash, shares (3,636,679) 9,091,668        
Issuance of common stock      75       75
Issuance of common stock, shares   23,003        
Deconsolidation of CDO:            
Cumulative net loss          219,175    219,175
Unrealized loss (gain) on securities             40,715 40,715
Unrealized loss on derivatives designated as cash flow hedges             28,514 28,514
Net income (loss)       621,662    621,662
Other comprehensive income (loss)         518,411 518,411
Stockholders' equity (deficit) - ending at Dec. 31, 2010 61,583 620 1,065,377 (1,328,987) (46,178) (247,585)
Common stock, shares - ending at Dec. 31, 2010   62,027,184       62,027,184
Preferred stock, shares - ending at Dec. 31, 2010 2,463,321          
Dividends declared          (48,784)    (48,784)
Issuance of common stock   432 210,415       210,847
Issuance of common stock, shares   43,153,825        
Deconsolidation of CDO:            
Cumulative net loss          45,072    45,072
Unrealized loss (gain) on securities             (8,026) (8,026)
Unrealized loss on derivatives designated as cash flow hedges             18,353 18,353
Net income (loss)          259,447    259,447
Other comprehensive income (loss)             (37,235) (37,235)
Stockholders' equity (deficit) - ending at Dec. 31, 2011 $ 61,583 $ 1,052 $ 1,275,792 $ (1,073,252) $ (73,086) $ 192,089
Common stock, shares - ending at Dec. 31, 2011   105,181,009       105,181,009
Preferred stock, shares - ending at Dec. 31, 2011 2,463,321