POWER OF ATTORNEY


KNOW ALL PERSONS BY THESE PRESENTS that the
undersigned hereby constitutes, designates and appoints Robert Connolly,
Vincent Tritto, Brian Kindelan, Edward Baer, Daniel Waltcher and
Bartholomew Battista as such person's true and lawful attorneys-in-fact and
agents, each with full power of substitution and resubstitution and full
power to act alone and without the other, for the undersigned and in the
undersigned's name, place and stead, in any and all capacities, to execute,
acknowledge, deliver and file any and all statements on Form 3, Form 4 and
Form 5 and any successor forms adopted by the Securities and Exchange
Commission, as required by the Securities Exchange Act of 1934 and the
Investment Company Act of 1940 and the rules thereunder, and requisite
documents in connection with such statements, respecting securities of
Anthracite Capital, Inc.

This power of attorney supersedes any
previous versions of same, and shall be valid from the date hereof until
revoked by the undersigned.

IN WITNESS WHEREOF, the undersigned has
executed this instrument as of the 21st day of November 2005.





By: /s/ Clay Lebhar
	Clay Lebhar