EX-99

                                                                    Exhibit 99.1

                            Explanation of Responses

(1) This "exit" Form 4 is filed on the behalf of Spencer Capital Management,
LLC, a Delaware limited liability company ("SCM"), Kenneth H. Shubin Stein, MD,
CFA, an individual ("Dr. Shubin Stein"), Spencer Capital Opportunity Fund, LP, a
Delaware limited partnership ("SCF"), Spencer Capital Partners, LLC, a Delaware
limited liability company ("SCP"), Spencer Capital Offshore Opportunity Fund,
Ltd., a Cayman Islands exempted company ("SCOF"), Spencer Capital Offshore
Partners, LLC, a Delaware limited liability company ("SCOP"), Spencer Capital
Select Fund, LP (formerly known as Spencer Capital Small Cap Fund, LP), a
Delaware limited partnership ("SCSF"), Spencer Capital Select Partners, LLC
(formerly known as Spencer Small Cap Partners, LLC), a Delaware limited
liability company ("SSP", and together with SCM, Dr. Shubin Stein, SCF, SCP,
SCOF, SCOP and SCSF, collectively, the "Former Reporting Persons"). SCM has
registered as an investment advisor under the Investment Advisors Act of 1940,
as amended. Dr. Shubin Stein is the controlling person of SCM and the Former
Reporting Persons. Accordingly, the Former Reporting Persons are filing this
"exit" Form 4 because the Former Reporting Persons are no longer subject to
Section 16 of the Securities Exchange Act of 1934, as amended, with respect to
the securities of Resource America, Inc.

EX-99

Designated Filer:  Spencer Capital Management, LLC
Issuer & Ticker Symbol:   REXI
Date of Event Requiring Statement:  12/12/2006


                                                                    Exhibit 99.2

                              List of Joint Filers


1.   Name:    Kenneth H. Shubin Stein, MD, CFA
     Address: 1995 Broadway, Suite 1801
              New York, NY 10023

2.   Name:    Spencer Capital Opportunity Fund, LP
     Address: 1995 Broadway, Suite 1801
              New York, NY 10023

3.   Name:    Spencer Capital Partners, LLC
     Address: 1995 Broadway, Suite 1801
              New York, NY 10023

4.   Name:    Spencer Capital Offshore Opportunity Fund, Ltd.
     Address: c/o Walkers SPV Ltd.
              P.O. Box 908GT
              Walkers House
              Mary Street
              George Town, Cayman Islands

5.   Name:    Spencer Capital Offshore Partners, LLC
     Address: 1995 Broadway, Suite 1801
              New York, NY 10023

6.   Name:    Spencer Capital Select Fund, LP
     Address: 1995 Broadway, Suite 1801
              New York, NY 10023

7.   Name:    Spencer Capital Select Partners, LLC
     Address: 1995 Broadway, Suite 1801
              New York, NY 10023







Date:  December 13, 2006
                                 SPENCER CAPITAL OPPORTUNITY FUND, LP


                                 By:  Spencer Capital Partners, LLC,
                                      Its General Partner


                                 By:  /s/ Kenneth H. Shubin Stein, MD, CFA
                                      ------------------------------------------
                                      Name:  Kenneth H. Shubin Stein, MD, CFA
                                      Title: Managing Member






                                 SPENCER CAPITAL PARTNERS, LLC


                                 By:  /s/ Kenneth H. Shubin Stein, MD, CFA
                                      ------------------------------------------
                                      Name:  Kenneth H. Shubin Stein, MD, CFA
                                      Title: Managing Member



                                 SPENCER CAPITAL OFFSHORE OPPORTUNITY FUND, LTD.


                                 By:  Spencer Capital Offshore Partners, LLC,
                                      Its Investment Manager


                                 By:  /s/ Kenneth H. Shubin Stein, MD, CFA
                                      ------------------------------------------
                                      Name:  Kenneth H. Shubin Stein, MD, CFA
                                      Title: Managing Member



                                 SPENCER CAPITAL OFFSHORE PARTNERS, LLC


                                 By:  /s/ Kenneth H. Shubin Stein, MD, CFA
                                      ------------------------------------------
                                      Name:  Kenneth H. Shubin Stein, MD, CFA
                                      Title: Managing Member



                                 SPENCER CAPITAL SELECT FUND, LP


                                 By:  Spencer Capital Select Partners, LLC,
                                      Its General Partner


                                 By:  /s/ Kenneth H. Shubin Stein, MD, CFA
                                      ------------------------------------------
                                      Name:  Kenneth H. Shubin Stein, MD, CFA
                                      Title: Managing Member



                                  SPENCER CAPITAL SELECT PARTNERS, LLC


                                  By:  /s/ Kenneth H. Shubin Stein, MD, CFA
                                      ------------------------------------------
                                      Name:  Kenneth H. Shubin Stein, MD, CFA
                                      Title: Managing Member



                                  By:  /s/ Kenneth H. Shubin Stein, MD, CFA
                                      ------------------------------------------
                                      Name:  Kenneth H. Shubin Stein, MD, CFA