Exhibit 12.1

STATEMENTS REGARDING COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES

	Three Months Ended March 31, 2012						Year ended December 31,
(In thousands)				2011			2010			2009		2008		2007
Earnings:
Income (loss) from continuing operations before income taxes	$	(42,990	)	$	(233,131	)	$	(20,431	)	$	23,841	$	28,839	$	23,309
Fixed charges excluding interest from securities operations		10,015			43,722			33,310			12,535		5,911		5,193
Subtotal		(32,975	)		(189,409	)		12,879			36,376		34,750		28,502
Interest expense from securities operations		4,421			27,763			22,269			34,279		90,699		140,077
Total	$	(28,554	)	$	(161,646	)	$	35,148		$	70,655	$	125,449	$	168,579
Fixed charges:
Interest expense on long-term debt	$	9,538		$	40,942		$	30,829		$	10,344	$	3,854	$	2,894
Interest factor in rents and other interest-bearing liabilities		477			2,780			2,481			2,191		2,057		2,299
Subtotal		10,015			43,722			33,310			12,535		5,911		5,193
Interest expense from securities operations		4,421			27,763			22,269			34,279		90,699		140,077
Total	$	14,436		$	71,485		$	55,579		$	46,814	$	96,610	$	145,270
Ratio of earnings to fixed charges:
Including interest expense from securities operations		(a	)		(c	)		0.6			1.5		1.3		1.2
Excluding interest expense from securities operations		(b	)		(d	)		0.4			2.9		5.9		5.5

(a) Earnings were inadequate to cover fixed charges by $28.6 million for the three months ended March 31, 2012.

(b) Earnings were inadequate to cover fixed charges excluding interest expense from securities operations by $33.0 million for the three months ended March 31, 2012.

(c) Earnings were inadequate to cover fixed charges by $161.6 million for the year ended December 31, 2011.

(d) Earnings were inadequate to cover fixed charges excluding interest expense from securities operations by $189.4 million for the year ended December 31, 2011.