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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net interest income: $ 530,930 $ 559,627
Interest income 655,901 737,217
Interest expense 124,971 177,590
Other income (loss):    
Realized gains (losses) on interest rate swaps (260,435) [1],[2] (225,476) [1],[2]
Realized gains (losses) on termination of interest rate swaps (6,842) (16,378)
Unrealized gains (losses) on interest rate swaps (348,942) 325,734
Subtotal (616,219) 83,880
Investment advisory income 6,123 13,408
Net gains (losses) on disposal of investments 79,710 182,843
Dividend income from affiliates 13,045 6,431
Net gains (losses) on trading assets (146,228) 1,549
Net unrealized gains (losses) on interest-only Agency mortgage-backed securities (20,793) 80,127
Other income (loss) 1,460 132
Subtotal (66,683) 284,490
Total other income (loss) (682,902) 368,370
General and administrative expenses:    
Compensation and management fee 38,521 38,443
Other general and administrative expenses 8,857 13,469
Total general and administrative expenses 47,378 51,912
Income (loss) before income taxes (199,350) 876,085
Income taxes 4,001 5,807
Net income (loss) (203,351) 870,278
Dividends on preferred stock 17,992 17,992
Net income (loss) available (related) to common stockholders (221,343) 852,286
Net income (loss) per share available (related) to common stockholders:    
Basic $ (0.23) $ 0.90
Diluted $ (0.23) $ 0.87
Weighted average number of common shares outstanding:    
Basic 947,458,813 947,249,901
Diluted 947,458,813 994,815,169
Dividends Declared Per Share of Common Stock $ 0.30 $ 0.45
Net income (loss) (203,351) 870,278
Other comprehensive income (loss):    
Unrealized gains (losses) on available-for-sale securities 741,172 (867,151)
Reclassification adjustment for net (gains) losses included in net income (loss) (80,718) (182,843)
Other comprehensive income (loss) 660,454 (1,049,994)
Comprehensive income (loss) $ 457,103 $ (179,716)
[1] Interest expense related to the Company's interest rate swaps is recorded in Realized gains (losses) on interest rate swaps on the Consolidated Statements of Comprehensive Income (Loss).
[2] Interest expense related to the Company's interest rate swaps is recorded in Realized gains (losses) on interest rate swaps.