Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net income	$ 143,973	$ 260,140
Adjustments to reconcile net income to net cash provided by operating activities:
Net impairments recognized in earnings	160	8,204
Recovery of provision for loan losses	8	17,249
Valuation allowance on loans held-for-sale		224
Gain on extinguishment of debt		(250,976)
Gain on deconsolidation of subsidiary	(146,380)
Fair value adjustment on investment in CT Legacy Assets	(7,657)
Income from equity investments	(901)	(1,797)
Distributions of income from equity investments	1,710
Employee stock-based compensation	210	317
Incentive awards plan expense	181	2,980
Deferred directors' compensation	113	94
Distributions from CT Legacy Assets	6,634
Amortization of premiums/discounts on loans and securities and deferred interest on loans	(393)	(912)
Amortization of deferred gains and losses on settlement of swaps	(56)	(47)
Amortization of deferred financing costs and premiums/discounts on debt obligations	9,846	6,648
Loss on interest rate swaps not designated as cash flow hedges	2,772	3,970
Changes in assets and liabilities, net:
Accrued interest receivable	(3,875)	2,617
Deferred income taxes	(1,458)	(939)
Prepaid expenses and other assets	2,622	448
Accounts payable and accrued expenses	(1,075)	(1,283)
Net cash provided by operating activities	6,508	12,439
Cash flows from investing activities:
Principal collections and proceeds from securities	28,122	31,435
Distributions from equity method investments		3,360
Principal collections of loans receivable	83,245	1,680,725
Proceeds from disposition of loans		5,750
Contributions to unconsolidated subsidiaries	(4,030)	(1,991)
Distributions from unconsolidated subsidiaries	677	2,869
Increase in restricted cash	(2,448)	(10,225)
Net cash provided by investing activities	105,566	1,711,923
Cash flows from financing activities:
Borrowings under repurchase obligations	123,977
Repayments under repurchase obligations	(58,464)	(253,336)
Repayments under senior credit facility	(63,000)	(22,932)
Repayment of junior subordinated notes		(4,640)
Borrowing under mezzanine loan		83,000
Repayments under mezzanine loan		(20,000)
Repayment of securitized debt obligations	(114,768)	(1,490,715)
Payment of financing expenses		(11,126)
Purchase of and distribution to noncontrolling interests	(8)	(142)
Purchase of secured notes		(405)
Vesting of restricted Class A common stock	(25)	(85)
Net cash used in financing activities	(112,288)	(1,720,381)
Net (derease) increase in cash and cash equivalents	(214)	3,981
Cash and cash equivalents at beginning of period	34,818	24,449
Cash and cash equivalents at end of period	$ 34,604	$ 28,430