EXHIBIT 12.1

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(UNAUDITED)

 

 

 

 

 

 

 

 

 

 

For the Nine
Months Ended
September 30,
2008

 

For the Period
November 21, 2007
(inception) to
December 31, 2007

 

 

 

(dollars are in thousands)

 

Loss before taxes

 

 

(128,580

)

 

(2,901

)

Add: fixed charges (interest expense)

 

 

49,590

 

 

415

 

  preferred stock dividend

 

 

 

 

 

Loss as adjusted

 

 

(78,990

)

 

(2,486

)

Fixed charges (interest expense) + preferred stock dividend

 

 

49,590

 

 

415

 

Ratio of losses to combined fixed charges and preferred stock dividends

 

 

(1.59

)

 

(5.99

)