Exhibit 12.1

STATEMENTS REGARDING COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,
	2010			2009		2008		2007		2006
Earnings:
Income (loss) from continuing operations before income taxes	$	(29,216	)	$	25,836	$	16,649	$	41,958	$	37,578
Fixed charges excluding interest from securities operations		33,310			12,535		5,911		5,193		4,420
Subtotal		4,094			38,371		22,560		47,151		41,998
Interest expense from securities operations		22,269			34,279		90,699		140,077		89,429
Total	$	26,363		$	72,650	$	113,259	$	187,228	$	131,427
Fixed charges:
Interest expense on long-term debt	$	30,829		$	10,344	$	3,854	$	2,894	$	2,951
Interest factor in rents and other interest-bearing liabilities		2,481			2,191		2,057		2,299		1,469
Subtotal		33,310			12,535		5,911		5,193		4,420
Interest expense from securities operations		22,269			34,279		90,699		140,077		89,429
Total	$	55,579		$	46,814	$	96,610	$	145,270	$	93,849
Ratio of earnings to fixed charges:
Including interest expense from securities operations		0.5			1.6		1.2		1.3		1.4
Excluding interest expense from securities operations		0.1			3.1		3.8		9.1		9.5