Daylight Robbery: A Story of Bankers, Shysters & Others Who Want to Steal Your Money

by Ian Wishart

THE NEW BOOK ON THE COMING FINANCIAL MELTDOWNAs Europe’s banks and governments teeter on the edge of total financial collapse, how many people know our government has drafted plans to raid people’s personal bank accounts if the worst comes to the worst over here?We've already been stung for billions in a string of finance company collapses, and have retreated to storing their money in banks, but what happens if a world financial crisis ignites overnight while you are sleeping?:“For the market incentive approach to banking supervision to work, the possibility that a large bank could fail, and that creditors could lose some of their money, has to be credible. This policy has become even more relevant in the post 2008 crisis period where regulators around the world have begun to revisit the role of creditors in absorbing some of the losses when banks fail. The ‘too big to fail’ perception will always have credence if people believe that a government will always bail out a large bank…” – RESERVE BANK BRIEFING FOR BANKSWhat they’re planning for is a process called “haircutting”, where bank customers could find their personal accounts frozen while they sleep, indefinitely.“The proportion of their funds to be frozen or which remains inaccessible will be based on an estimation of the losses following a conservative assessment of the net asset deficiency incurred by the failing bank, plus a suitable buffer.” – RESERVE BANKThe good news is that if you have secured deposits, you “might” be OK. If it’s just an ordinary bank account, however, you could be left “The haircut process has no impact on the ranking of creditors that would apply in a conventional liquidation. Secured creditors would be able to look to their security to ensure that they are, in effect, paid in full (assuming their security is adequate), while subordinated creditors would not receive any payment unless the senior creditors were paid in full.”Want to know more and how it could affect you? It’s all in the new 2012 edition of DAYLIGHT ROBBERY.Did you know our modern international banking system is founded on the “TInkerbell Principle” – it only works as long as enough people keep believing in it. Details of how banking really works are laid bare in this book – and it’s crucial information everyone with a credit card, bank loan or bank account needs to know.

270 pages, Paperback

First published December 10, 2011

About the author

Ian Wishart is a multi-award winning investigative journalist and bestselling author of more than 20 books, who's now in his fourth decade in the news business. His writing style has often been compared to John Grisham by reviewers.

He's been a radio News Director, a Chief of Staff for TV3 News and a magazine editor. His work has featured in the Times of London, Daily Mail, New Zealand Herald and America's massive Coast to Coast radio programme - to name a few. His books Totalitaria, Air Con and Vitamin D became Amazon bestsellers worldwide.

While writing his first book, The Paradise Conspiracy, Wishart's TVNZ office was discovered to have been bugged, his home was broken into, the manuscript for the book stolen, and an attempt was made on his life. Needless to say, he survived to write the story.

The first four chapters of The Paradise Conspiracy inspired movie director Geoff Murphy ("Young Guns II", "Under Siege 2") to produce the movie "Spooked" starring Cliff Curtis ("Runaway Jury", "Live Free or Die Hard") in a loose portrayal of Wishart's role as an investigative journalist.

He's been shot at, tear-gassed and stalked, but Wishart says his motivation remains telling the stories that "need to be told", whether its new leads on cold case murders, or government espionage.

As well as writing books, Wishart also divides his time between operating the http://www.investigatedaily.com and http://www.ianwishartpublishing.com websites - the latter catering to his writing and publishing clients.

Reviews

[Darryn · Rating 5 out of 5]

Would love to see this book in the hands of every New Zealander. Brilliant, thorough and scary! Reaffirms gut instincts on how some situations just don't seem right. I for one am pulling out of Kiwisaver tomorrow!