Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Cash flows from operating activities:
Net income	$ 140,622	$ 253,917
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)	(9,161)
Gain on extinguishment of debt		(250,040)
Gain on deconsolidation of subsidiaries	(146,380)
Fair value adjustment on investment in CT Legacy Assets	(3,954)
Income from equity investments	(696)	(955)
Distributions of income from unconsolidated subsidiaries	61	395
Employee stock-based compensation	129	223
Incentive awards plan expense	(282)	2,579
Deferred directors' compensation	56	47
Distributions from CT Legacy Assets	1,830
Amortization of premiums/discounts on loans and securities and deferred interest on loans	(171)	619
Amortization of deferred gains and losses on settlement of swaps	(56)	(24)
Amortization of deferred financing costs and premiums/discounts on debt obligations	8,813	2,360
Ineffectiveness of cash flow hedges recognized in earnings	2,772
Changes in assets and liabilities, net:
Accrued interest receivable	(2,999)	685
Deferred income taxes	(1,423)
Prepaid expenses and other assets	2,986	(800)
Accounts payable and accrued expenses	(182)	(3,784)
Net cash provided by operating activities	1,278	4,265
Cash flows from investing activities:
Principal collections and proceeds from securities	21,496	8,372
Principal collections of loans receivable	83,000	224,625
Contributions to unconsolidated subsidiaries	(324)	(231)
Return of capital distributions from unconsolidated subsidiaries	677	204
Proceeds from disposition of loans held-for-sale		5,750
Decrease (increase) in restricted cash	473	(4,213)
Net cash provided by investing activities	105,322	234,507
Borrowings under repurchase obligations	123,977
Repayments under repurchase obligations	(58,464)	(67,929)
Repayments under senior credit facility		(22,932)
Repayment of junior subordinated notes		(4,640)
Borrowing under mezzanine loan		83,000
Repayments under mezzanine loan	(63,000)
Repayment of securitized debt obligations	(106,729)	(211,823)
Payment of financing expenses		(11,118)
Vesting of restricted Class A common stock	(4)
Net cash used in financing activities	(104,220)	(235,442)
Net increase in cash and cash equivalents	2,380	3,330
Cash and cash equivalents at beginning of period	34,818	24,449
Cash and cash equivalents at end of period	$ 37,198	$ 27,779