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» Experts Ponder Whether Fair Value Accounting Is Fair, or Even Relevant, in an Illiquid Market
Experts Ponder Whether Fair Value Accounting Is Fair, or Even Relevant, in an Illiquid Market
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There is little doubt that fair value accounting has driven massive MBS writedowns that have toppled companies, unnerved investors and pulled some of the carpet out from under the economy. But experts remain divided over whether fair value is an...