Lost amid the fireworks in the Congressional hearings featuring the top CEOs of Wall Street firms was an interesting sort-of proposal from Citi CEO Vikram Pandit. In reply to a question from a Congressman, Pandit, with "an intriguing smile on his face," suggested a plan under which fair value losses for certain assets could be realized not as an immediate charge against income statement but on an amortized basis, which would spread the impact out over time, according to Minyanville. 

The fair value debate, though not on the front pages any more, continues to rage. Bank lobbying groups are still pushing for its repeal. But this suggestion proves there is some other thinking going on that may well be worth serious consideration. 

For more:
- here's the article from Minyanville

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