EXHIBIT 1

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing of MatlinPatterson FA Acquisition LLC, MatlinPatterson LLC, MatlinPatterson Asset Management LLC, MatlinPatterson Global Advisers LLC, MatlinPatterson Global Partners II LLC, MatlinPatterson Global Opportunities Partners II L.P., MatlinPatterson Global Opportunities Partners (Cayman) II L.P., David J. Matlin, and Mark R. Patterson, on behalf of each of them a statement on Schedule 13D (including amendments thereto) with respect to shares of common stock, par value $0.01 per share, of Broadpoint Securities Group, Inc., formerly known as First Albany Companies Inc., a New York corporation, and that this Agreement be included as an Exhibit to such joint filing. This Agreement may be executed in any number of counterparts all of which taken together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the undersigned hereby execute this Agreement this 5th day of March 2008.

MATLINPATTERSON FA ACQUISITION LLC
By:	/s/ Mark R. Patterson
	Name:  Mark L. Patterson
	Title:    Member

MATLINPATTERSON LLC
By:	/s/ Mark R. Patterson
	Name:  Mark R. Patterson
	Title:    Member

MATLINPATTERSON ASSET MANAGEMENT LLC
By:	/s/ Mark R. Patterson
	Name:  Mark R. Patterson
	Title:    Chairman

MATLINPATTERSON GLOBAL ADVISERS LLC
By:	/s/ Mark R. Patterson
	Name:  Mark R. Patterson
	Title:    Chairman

MATLINPATTERSON GLOBAL PARTNERS II LLC
By:	/s/ Mark R. Patterson
	Name:  Mark R. Patterson
	Title:    Director

MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS II L.P.
By:	MatlinPatterson Global Partners II LLC, its general partner
By:	/s/ Mark R. Patterson
	Name:  Mark R. Patterson
	Title:    Director

MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS (Cayman) L.P.
By:	MatlinPatterson Global Partners II LLC, its general partner
By:	/s/ Mark R. Patterson
	Name:  Mark R. Patterson
	Title:    Director

DAVID J. MATLIN
By:	/s/ David J. Matlin
	Name:  David J. Matlin

MARK R. PATTERSON
By:	/s/ Mark R. Patterson
	Name:  Mark R. Patterson

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