EX-12.1 2 e605011_ex12-1.htm Unassociated Document
Exhibit 12.1


Computation of Ratio of Debt-to-Equity





   
At
December 31, 2008
  
(Dollars in Thousands)
      
Repurchase agreements
   $ 9,038,836  
Mortgages payable on real estate
     9,309  
  Total Debt
   $ 9,048,145  
         
Stockholders' Equity
     1,257,077  
         
Ratio of Debt-to-Equity
  
7.2:1
  
Or
     7.2 x