Exhibit 12.2

Computation of Ratio of Adjusted EBITDA to Interest Expense and Preferred Dividends

($ in thousands, except ratios)

	For the Years Ended December 31,
	2013			2012			2011			2010			2009
Adjusted EBITDA(1):
Net income (loss)	$	(111,233	)	$	(241,430	)	$	(25,693	)	$	80,206		$	(769,847	)
Add: Interest expense(2)	269,921			356,161			345,914			346,500			481,116
Less: Income tax expense (benefit)	(659		)	8,445			(4,719		)	7,023			4,141
Add: Depreciation and amortization(3)	74,673			70,786			63,928			70,786			98,238
Add: Provision for loan losses	5,489			81,740			46,412			331,487			1,255,357
Add: Impairment of assets(4)	14,353			36,354			22,386			22,381			141,018
Add: Loss on transfer of interest to unconsolidated subsidiary	7,373			—			—			—			—
Add: Stock-based compensation expense	19,261			15,293			29,702			19,355			23,593
Add: (Gain) loss on early extinguishment of debt, net(5)	19,655			22,405			(101,466		)	(110,075		)	(547,349		)
Total Adjusted EBITDA(1)(6)	$	298,833		$	349,754		$	376,464		$	767,663		$	686,267
Interest expense and preferred dividends:
Interest expense(2)	$	269,921		$	356,161		$	345,914		$	346,500		$	481,116
Preferred dividends	49,020			42,320			42,320			42,320			42,320
Total interest expense and preferred dividends	$	318,941		$	398,481		$	388,234		$	388,820		$	523,436
Adjusted EBITDA/Interest expense and preferred dividends	0.9x			0.9x			1.0x			2.0x			1.3x

Explanatory Notes:

_______________________________________________________________________________

(1) Adjusted EBITDA should be examined in conjunction with net income (loss) as shown in the Company's Consolidated Statements of Operations. Adjusted EBITDA should not be considered as an alternative to net income (loss) (determined in accordance with GAAP), as an indicator of the Company's performance, or to cash flows from operating activities (determined in accordance with GAAP) as a measure of the Company's liquidity, nor is Adjusted EBITDA an indicative of funds available to fund the Company's cash needs or available for distribution to shareholders. Rather, Adjusted EBITDA is an additional measure for the Company to use to analyze how the business is performing. It should be noted that the Company's manner of calculating Adjusted EBITDA may differ from the calculations of similarly-titled measures by other companies. See computation of Adjusted EBITDA on page 33.

(2) For the years ended December 31, 2013, 2012, 2011, 2010 and 2009, interest expense includes $0, $1,064, $3,728, $32,734 and $69,326, respectively, of interest expense reclassified to discontinued operations. Interest expense also includes the Company's proportionate share of interest for equity method investments.

(3) For the years ended December 31, 2013, 2012, 2011, 2010 and 2009, depreciation and amortization includes $264, $2,016, $5,837, $14,117, and $42,099, respectively, of depreciation and amortization reclassified to discontinued operations. Depreciation and amortization also includes the Company's proportionate share of depreciation and amortization expense for equity method investments.

(4) For the years ended December 31, 2013, 2012, 2011, 2010, 2009 impairment of assets includes $1,764, $22,576, $9,147, $9,572 and $26,901, respectively, of impairment of assets reclassified to discontinued operations.

(5) For the years ended December 31, 2013, 2012 and 2010, (gain) loss on early extinguishment of debt excludes the portion of losses paid in cash of $13,535,$15,411 and $1,152, respectively.

(6) Prior year presentation has been restated to conform to current period presentation.