Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Cash flows from operating activities:
Net income (loss)	$ (97,177)	$ 57,884
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Provision for loan losses	44,031	21,230
Impairment of assets	25,303	4,228
Depreciation and amortization	34,418	32,065
Payments for employee taxes upon vesting of stock-based compensation	(11,657)	(812)
Non-cash expense for stock-based compensation	8,113	8,469
Amortization of discounts/premiums and deferred financing costs on debt	17,679	14,551
Amortization of discounts/premiums and deferred interest on lending investments	(29,442)	(41,703)
Earnings from equity method investments	(53,206)	(44,064)
Distributions from operations of equity method investments	56,769	23,410
Deferred operating lease income	(5,466)	(4,853)
Income from sales of residential property	(19,999)	0
Gain from discontinued operations	(27,257)	0
Gain (loss) on early extinguishment of debt, net	3,164	(101,832)
Repayments and repurchases of debt - debt discount	(17,326)	(2,726)
Other operating activities, net	3,738	4,781
Changes in assets and liabilities:
Changes in accrued interest and operating lease income receivable, net	3,278	(898)
Changes in deferred expenses and other assets, net	4,118	(22,262)
Changes in accounts payable, accrued expenses and other liabilities	3,723	17,856
Cash flows from operating activities	(57,196)	(34,676)
Cash flows from investing activities:
Fundings under existing loan commitments	(23,877)	(39,772)
Repayments of and principal collections on loans	322,045	798,274
Net proceeds from sales of loans	56,998	88,751
Net proceeds from sales of net lease assets	142,714	672
Net proceeds from sales of other real estate owned	168,388	92,840
Contributions to unconsolidated entities	(6,145)	(20,219)
Distributions from unconsolidated entities	41,586	4,489
Capital expenditures on net lease assets	(2,988)	(4,902)
Capital expenditures on REHI and OREO	(29,726)	(15,966)
Changes in restricted cash held in connection with investing activities	(462,605)	(51,985)
Other investing activities, net	(243)	(538)
Cash flows from investing activities	206,147	851,644
Cash flows from financing activities:
Borrowings under secured credit facilities	850,465	2,913,250
Repayments under secured credit facilities	(392,124)	(1,199,362)
Repayments under unsecured credit facilities	(244,046)	(506,600)
Borrowings under secured term loans	0	124,575
Repayments under secured term loans	(54,767)	(1,680,118)
Borrowings under unsecured notes	264,029	0
Repayments under unsecured notes	(259,584)	(204,405)
Repurchases and redemptions of secured and unsecured notes	(396,356)	(323,642)
Payments for deferred financing costs	(3,248)	(35,526)
Preferred dividends paid	(21,160)	(21,160)
Purchase of treasury stock	(4,628)	(1,487)
Other financing activities	(515)	1,588
Cash flows from financing activities	(261,934)	(932,887)
Changes in cash and cash equivalents	(112,983)	(115,919)
Cash and cash equivalents at beginning of period	356,826	504,865
Cash and cash equivalents at end of period	$ 243,843	$ 388,946