U.S. Banks Prepare for Eurozone Collapse

I'm not sure there is anything really new here...it's just such an ominous headline.

US banks brace for possible eurozone collapse

US banks are bracing for a possible disintegration of the eurozone, Britain’s The Financial Times reported on Monday.

The newspaper mentioned the banks’ plummeting loan transactions in the eurozone countries.

According to the Financial Times, the banks plan to make some amendments to their credit contracts so they can be in line with London’s financial legislation, a step that they say will help them protect their investments in case of a potential collapse of the eurozone.

Meanwhile, Royal Dutch Shell has announced the withdrawal of some of its funds from European banks. The Anglo-Dutch oil major signaled its readiness to deposit 15 billion of cash in non-European assets, such as US Treasuries and US bank accounts.

Here;  http://english.ruvr.ru/2012_08_06/US-banks-brace-for-possible-eurozone-collapse/

Let's remember that earlier in the Spring of 2012...the Federal Reserve took part in some "dollar swaps" with the European banks.  Even though 99% of Americans can't explain to you what "dollar swaps" actually are....you can bet your last dollar that it has SOMETHING to do with the USA bailing out the European banking system.

What does that mean??  It means that when Europe has a collapse, (or partial collapse) that the USA will be on the hook for it....and I don't think I need to remind you anymore that WE DON'T HAVE ANY MONEY OURSELVES!