Form: 10-K

Annual report pursuant to Section 13 and 15(d)

February 16, 2007

Exhibit 12.2

Computation of Ratio of Debt-to-Equity

 

 

 

 

 

 

 

At
December 31, 2006

 

 

 

 

 

 

 

 

 

 

Repurchase agreements

 

$

5,722,711

 

Mortgages payable on real estate

 

 

9,606

 

 

 

   

 

Total Debt

 

$

5,732,317

 

 

 

   

 

 

 

 

 

 

Stockholders’ Equity

 

 

678,558

 

 

 

 

 

 

Ratio of Debt-to-Equity

 

 

8.4:1

 

or

 

 

8.40

x

69