Fair Value Accounting

In the wake of the subprime property or mortgage crisis, arguments for and against the fair value have emerged. It is clear that both sides of the divide have a genuine case and shout at the issue of concern. Proponents and opponents of the fair value accounting in determining market prices for the property can well be contented with their views but it is more necessary to come to a realistic argument as to which one presents the best and sustainable solution to the meltdown.
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