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Is It Fair to Blame Fair Value Accounting for the Financial Crisis? some of the people said, Once we get beyond the mythmaking and arm

Is It Fair to Blame Fair Value Accounting for the Financial Crisis? some of the people said, Once we get beyond the mythmaking and arm waving, it becomes clear that historical cost and fair value accounting are much closer to each other than people think.
i. Do you agree with this statement? Discuss.
ii. Discuss the author s opinion with regards to the implementation of fair value accounting.

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