Monday, 16 April 2007

The biggest Ponzi ever


This weekend’s Oz contained an article by Bina Brown on MIS schemes in which she disclosed that Great Southern (GTP) in 2005 used some of their own funds to purchase all of the timber from their investors in their 1994 Project. The investors ended up with 3 times the amount they would have received had the contractual arrangements been strictly applied. A face saving exercise perhaps?

Tuesday, 20 February 2007

Farmers and MIS

I have been surprised by the shrill support for MIS schemes from sections of the farming lobby. There seems to be a widespread misconception that MIS schemes are the only way to attract funds into the farming sector.

Some discussion about whether a MIS structure is an efficient way of granting assistance to farming industries might be helpful.