by Calculated Risk on 1/23/2008 02:40:00 PM

From MarketWatch: Bond insurer counterparties meet with regulators in New York

Big banks and brokers that are counterparties to struggling bond insurers met with regulators in New York on Wednesday ... The counterparties to Ambac Financial and other bond insurers such as ACA Capital met with the New York Insurance Department, spokesman David Neustadt said in a statement. He declined to say what options were specifically discussed ...

Darn, I want to know the options.