What is left for the shareholders? (ABK ceo)

When asked about the maximum loss estimates and if ABK could take those losses since its a requirement of being rated "AAA," Michael Callen, ceo of Ambac (ABK) said on CNBC:

"If you take armageddon then whats left for the shareholders of Microsoft, whats left for the shareholders of any household name on the street down here? When you get into these extreme scenarios we've got much bigger problems i think than any particular company. Uh, and the fact that we're not going to get to that is the responsibility, at the end of the day, of the US government. I think then we need to talk to Hank Paulson."

Yeah, Hank Paulson will get right on that. Well, uh, he'll get on it until he gets fired in November.

skip to 6:30-ish