http://www.informationclearinghouse.info/article30395.htm
The Impending Undeclared Default Of 5 Major US Banks
By Jim Sinclair - Audio [30 minutes, but the first 10 minutes will do]
January 31, 2012 “ Jim Sinclair” – In this unedited interview with Ellis Martin, Jim Sinclair reveals an impending undeclared default of 5 major US banks this week per the ISDA International Swaps and Derivatives Association related to events in Europe.
 http://www.youtube.com/v/9802NwSSS6U?hl=en&hd=1
See also - Farce Is Complete As ISDA Finds 50% “Haircut” Is Not A Credit Event [ZeroHedge]
