ALTISOURCE RESIDENTIAL CORP CL B 02153W100 192 11556 SH DFND 9 11556 0 0 AMBAC FINL GROUP INC COM NEW 023139884 797 33465 SH DFND 1 33465 0 0 AMBAC FINL GROUP INC COM NEW 023139884 1776 74533 SH DFND 2 74533 0 0 AMBAC FINL GROUP INC COM NEW 023139884 828 34728 SH DFND 3 34728 0 0 AMBAC FINL GROUP INC COM NEW 023139884 557 23393 SH DFND 4 23393 0 0 AMBAC FINL GROUP INC COM NEW 023139884 628 26333 SH DFND 5 26333 0 0 AMBAC FINL GROUP INC COM NEW 023139884 2721 114186 SH DFND 6 114186 0 0 AMBAC FINL GROUP INC COM NEW 023139884 2585 108493 SH DFND 7 108493 0 0 AMBAC FINL GROUP INC COM NEW 023139884 933 39133 SH DFND 8 39133 0 0 AMBAC FINL GROUP INC COM NEW 023139884 5491 230424 SH DFND 10 230424 0 0 AMBAC FINL GROUP INC COM NEW 023139884 1076 45160 SH DFND 11 45160 0 0 AMBAC FINL GROUP INC COM NEW 023139884 875 36735 SH DFND 12 36735 0 0 AMBAC FINL GROUP INC COM NEW 023139884 14532 609819 SH SOLE 609819 0 0 AMERICAN CAP LTD COM 02503Y103 786 62000 SH DFND 1 62000 0 0 AMERICAN CAP LTD COM 02503Y103 1160 91550 SH DFND 2 91550 0 0 AMERICAN CAP LTD COM 02503Y103 427 33674 SH DFND 4 33674 0 0 AMERICAN CAP LTD COM 02503Y103 276 21790 SH DFND 5 21790 0 0 AMERICAN CAP LTD COM 02503Y103 1884 148660 SH DFND 7 148660 0 0 AMERICAN CAP LTD COM 02503Y103 453 35793 SH DFND 8 35793 0 0 AMERICAN CAP LTD COM 02503Y103 4678 369203 SH DFND 10 369203 0 0 AMERICAN CAP LTD COM 02503Y103 1002 79081 SH DFND 12 79081 0 0 AMERICAN CAP LTD COM 02503Y103 2398 189240 SH SOLE 189240 0 0 AMERICAN CAPITAL AGENCY CORP COM 02503X105 23010 1000000 SH Call DFND 9 1000000 0 0 BANK OF AMERICA CORPORATION COM 060505104 28292 2200000 SH Call DFND 9 2200000 0 0 CHENIERE ENERGY INC COM NEW 16411R208 1962 70679 SH DFND 1 70679 0 0 CHENIERE ENERGY INC COM NEW 16411R208 4369 157374 SH DFND 2 157374 0 0 CHENIERE ENERGY INC COM NEW 16411R208 2475 89168 SH DFND 3 89168 0 0 CHENIERE ENERGY INC COM NEW 16411R208 2477 89234 SH DFND 4 89234 0 0 CHENIERE ENERGY INC COM NEW 16411R208 1576 56766 SH DFND 5 56766 0 0 CHENIERE ENERGY INC COM NEW 16411R208 4671 168257 SH DFND 6 168257 0 0 CHENIERE ENERGY INC COM NEW 16411R208 4704 169438 SH DFND 7 169438 0 0 CHENIERE ENERGY INC COM NEW 16411R208 1869 67340 SH DFND 8 67340 0 0 CHENIERE ENERGY INC COM NEW 16411R208 12188 439038 SH DFND 10 439038 0 0 CHENIERE ENERGY INC COM NEW 16411R208 2149 77419 SH DFND 11 77419 0 0 CHENIERE ENERGY INC COM NEW 16411R208 2051 73894 SH DFND 12 73894 0 0 CHENIERE ENERGY INC COM NEW 16411R208 12396 446551 SH SOLE 446551 0 0 CHIMERA INVT CORP COM 16934Q109 4734 1578000 SH DFND 9 1578000 0 0 CIT GROUP INC COM NEW 125581801 1592 34141 SH DFND 1 34141 0 0 CIT GROUP INC COM NEW 125581801 3591 77015 SH DFND 2 77015 0 0 CIT GROUP INC COM NEW 125581801 2031 43548 SH DFND 3 43548 0 0 CIT GROUP INC COM NEW 125581801 1956 41948 SH DFND 4 41948 0 0 CIT GROUP INC COM NEW 125581801 1294 27740 SH DFND 5 27740 0 0 CIT GROUP INC COM NEW 125581801 3737 80137 SH DFND 6 80137 0 0 CIT GROUP INC COM NEW 125581801 4235 90819 SH DFND 7 90819 0 0 CIT GROUP INC COM NEW 125581801 1522 32647 SH DFND 8 32647 0 0 CIT GROUP INC COM NEW 125581801 9994 214317 SH DFND 10 214317 0 0 CIT GROUP INC COM NEW 125581801 2284 48984 SH DFND 11 48984 0 0 CIT GROUP INC COM NEW 125581801 10489 224951 SH SOLE 224951 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 425 16074 SH DFND 1 16074 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 954 36040 SH DFND 2 36040 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 531 20086 SH DFND 3 20086 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 420 15868 SH DFND 4 15868 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 998 37711 SH DFND 6 37711 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 1142 43174 SH DFND 7 43174 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 463 17505 SH DFND 8 17505 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 2952 111569 SH DFND 10 111569 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 639 24165 SH DFND 11 24165 0 0 CREDIT SUISSE GROUP SPONSORED ADR 225401108 2588 97808 SH SOLE 97808 0 0 DELL INC COM 24702R101 322 24200 SH Call DFND 1 24200 0 0 DELL INC COM 24702R101 713 53500 SH Call DFND 2 53500 0 0 DELL INC COM 24702R101 324 24300 SH Call DFND 3 24300 0 0 DELL INC COM 24702R101 401 30100 SH Call DFND 4 30100 0 0 DELL INC COM 24702R101 284 21300 SH Call DFND 5 21300 0 0 DELL INC COM 24702R101 903 67800 SH Call DFND 6 67800 0 0 DELL INC COM 24702R101 1045 78400 SH Call DFND 7 78400 0 0 DELL INC COM 24702R101 344 25800 SH Call DFND 8 25800 0 0 DELL INC COM 24702R101 1968 147700 SH Call DFND 10 147700 0 0 DELL INC COM 24702R101 414 31100 SH Call DFND 11 31100 0 0 DELL INC COM 24702R101 337 25300 SH Call DFND 12 25300 0 0 DELL INC COM 24702R101 148 11100 SH Call SOLE 11100 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 46 24845 SH DFND 1 24845 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 102 55336 SH DFND 2 55336 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 46 24675 SH DFND 3 24675 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 30 16384 SH DFND 4 16384 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 38 20621 SH DFND 5 20621 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 196 106116 SH DFND 6 106116 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 179 96697 SH DFND 7 96697 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 54 28980 SH DFND 8 28980 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 334 180330 SH DFND 10 180330 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 61 33003 SH DFND 11 33003 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 54 28927 SH DFND 12 28927 0 0 DYNEGY INC NEW DEL *W EXP 99/99/999 26817R116 629 339898 SH SOLE 339898 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 618 39975 SH DFND 1 39975 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 1370 88539 SH DFND 2 88539 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 621 40149 SH DFND 3 40149 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 771 49821 SH DFND 4 49821 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 544 35182 SH DFND 5 35182 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 1736 112208 SH DFND 6 112208 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 2006 129643 SH DFND 7 129643 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 660 42643 SH DFND 8 42643 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 3781 244403 SH DFND 10 244403 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 797 51546 SH DFND 11 51546 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 648 41903 SH DFND 12 41903 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 5012 323988 SH SOLE 323988 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 764 49400 SH Call DFND 1 49400 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 1714 110800 SH Call DFND 2 110800 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 965 62400 SH Call DFND 3 62400 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 616 39800 SH Call DFND 5 39800 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 1784 115300 SH Call DFND 6 115300 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 2017 130400 SH Call DFND 7 130400 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 729 47100 SH Call DFND 8 47100 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 4755 307400 SH Call DFND 10 307400 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 993 64200 SH Call DFND 11 64200 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 814 52600 SH Call DFND 12 52600 0 0 FORD MTR CO DEL COM PAR $0.01 345370860 319 20600 SH Call SOLE 20600 0 0 GENERAL MTRS CO COM 37045V100 703 21103 SH DFND 1 21103 0 0 GENERAL MTRS CO COM 37045V100 1576 47314 SH DFND 2 47314 0 0 GENERAL MTRS CO COM 37045V100 878 26369 SH DFND 3 26369 0 0 GENERAL MTRS CO COM 37045V100 694 20833 SH DFND 4 20833 0 0 GENERAL MTRS CO COM 37045V100 570 17117 SH DFND 5 17117 0 0 GENERAL MTRS CO COM 37045V100 1649 49509 SH DFND 6 49509 0 0 GENERAL MTRS CO COM 37045V100 1888 56680 SH DFND 7 56680 0 0 GENERAL MTRS CO COM 37045V100 765 22981 SH DFND 8 22981 0 0 GENERAL MTRS CO COM 37045V100 4879 146471 SH DFND 10 146471 0 0 GENERAL MTRS CO COM 37045V100 1057 31725 SH DFND 11 31725 0 0 GENERAL MTRS CO COM 37045V100 751 22560 SH DFND 12 22560 0 0 GENERAL MTRS CO COM 37045V100 4575 137338 SH SOLE 137338 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 654 26378 SH DFND 1 26378 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 1467 59142 SH DFND 2 59142 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 817 32962 SH DFND 3 32962 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 646 26041 SH DFND 4 26041 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 531 21397 SH DFND 5 21397 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 1535 61886 SH DFND 6 61886 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 1757 70850 SH DFND 7 70850 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 712 28727 SH DFND 8 28727 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 4541 183090 SH DFND 10 183090 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 983 39655 SH DFND 11 39655 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 699 28200 SH DFND 12 28200 0 0 HERTZ GLOBAL HOLDINGS INC COM 42805T105 4257 171672 SH SOLE 171672 0 0 MBIA INC COM 55262C100 1855 139297 SH DFND 1 139297 0 0 MBIA INC COM 55262C100 4165 312671 SH DFND 2 312671 0 0 MBIA INC COM 55262C100 2328 174809 SH DFND 3 174809 0 0 MBIA INC COM 55262C100 2039 153062 SH DFND 4 153062 0 0 MBIA INC COM 55262C100 1505 112992 SH DFND 5 112992 0 0 MBIA INC COM 55262C100 4393 329769 SH DFND 6 329769 0 0 MBIA INC COM 55262C100 4935 370506 SH DFND 7 370506 0 0 MBIA INC COM 55262C100 1717 128895 SH DFND 8 128895 0 0 MBIA INC COM 55262C100 12327 925458 SH DFND 10 925458 0 0 MBIA INC COM 55262C100 2817 211516 SH DFND 11 211516 0 0 MBIA INC COM 55262C100 1991 149461 SH DFND 12 149461 0 0 MBIA INC COM 55262C100 11996 900603 SH SOLE 900603 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 839 22408 SH DFND 2 22408 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 474 12671 SH DFND 3 12671 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 457 12195 SH DFND 4 12195 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 302 8070 SH DFND 5 8070 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 861 22995 SH DFND 6 22995 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 989 26423 SH DFND 7 26423 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 356 9498 SH DFND 8 9498 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 225 6000 SH DFND 9 6000 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 2330 62246 SH DFND 10 62246 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 487 13017 SH DFND 11 13017 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 398 10631 SH DFND 12 10631 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 2450 65446 SH SOLE 65446 0 0 NATIONSTAR MTG HLDGS INC COM 63861C109 34853 930900 SH Call DFND 9 930900 0 0 NEW RESIDENTIAL INVT CORP COM 64828T102 5803 860944 SH DFND 9 860944 0 0 PENNYMAC MTG INVT TR COM 70931T103 3158 150000 SH DFND 9 150000 0 0 PROSHARES TR PSHS ULT S&P 500 74347R107 38365 500000 SH Put DFND 9 500000 0 0 QUICKSILVER RESOURCES INC COM 74837R104 30 17985 SH DFND 1 17985 0 0 QUICKSILVER RESOURCES INC COM 74837R104 68 40324 SH DFND 2 40324 0 0 QUICKSILVER RESOURCES INC COM 74837R104 38 22474 SH DFND 3 22474 0 0 QUICKSILVER RESOURCES INC COM 74837R104 30 17755 SH DFND 4 17755 0 0 QUICKSILVER RESOURCES INC COM 74837R104 71 42195 SH DFND 6 42195 0 0 QUICKSILVER RESOURCES INC COM 74837R104 81 48307 SH DFND 7 48307 0 0 QUICKSILVER RESOURCES INC COM 74837R104 33 19586 SH DFND 8 19586 0 0 QUICKSILVER RESOURCES INC COM 74837R104 210 124835 SH DFND 10 124835 0 0 QUICKSILVER RESOURCES INC COM 74837R104 45 27038 SH DFND 11 27038 0 0 QUICKSILVER RESOURCES INC COM 74837R104 32 19227 SH DFND 12 19227 0 0 QUICKSILVER RESOURCES INC COM 74837R104 184 109437 SH SOLE 109437 0 0 SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 6 300 SH DFND 9 300 0 0 SOUTHWEST AIRLS CO COM 844741108 438 33966 SH DFND 1 33966 0 0 SOUTHWEST AIRLS CO COM 844741108 977 75779 SH DFND 2 75779 0 0 SOUTHWEST AIRLS CO COM 844741108 442 34276 SH DFND 3 34276 0 0 SOUTHWEST AIRLS CO COM 844741108 441 34216 SH DFND 4 34216 0 0 SOUTHWEST AIRLS CO COM 844741108 389 30192 SH DFND 5 30192 0 0 SOUTHWEST AIRLS CO COM 844741108 1233 95693 SH DFND 6 95693 0 0 SOUTHWEST AIRLS CO COM 844741108 1392 107973 SH DFND 7 107973 0 0 SOUTHWEST AIRLS CO COM 844741108 484 37533 SH DFND 8 37533 0 0 SOUTHWEST AIRLS CO COM 844741108 2547 197591 SH DFND 10 197591 0 0 SOUTHWEST AIRLS CO COM 844741108 566 43892 SH DFND 11 43892 0 0 SOUTHWEST AIRLS CO COM 844741108 458 35517 SH DFND 12 35517 0 0 SOUTHWEST AIRLS CO COM 844741108 3524 273372 SH SOLE 273372 0 0 SPDR S&P 500 ETF TR TR UNIT 78462F103 160420 1000000 SH Put DFND 9 1000000 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 482 52254 SH DFND 1 52254 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 1080 117159 SH DFND 2 117159 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 602 65297 SH DFND 3 65297 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 476 51586 SH DFND 4 51586 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 391 42387 SH DFND 5 42387 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 1130 122593 SH DFND 6 122593 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 1294 140352 SH DFND 7 140352 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 525 56906 SH DFND 8 56906 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 3344 362693 SH DFND 10 362693 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 724 78555 SH DFND 11 78555 0 0 SUMITOMO MITSUI FINL GROUP I SPONSORED ADR 86562M209 3136 340077 SH SOLE 340077 0 0 YAHOO INC COM 984332106 1005 40000 SH SOLE 40000 0 0