He says that he did not understand how the growth of non-standard mortgages had lured borrowers and investors into bearing dangerous risks. He was, he now says, focusing on how fixed-rate mortgages are relatively bad deals for borrowers in times of low inflation, which was a mistake.
对于前两项罪名，格林斯潘供认不讳。他说他不明白为什么非标准按揭贷款的增长会诱使借款人和投资人不顾风险趋之若鹜。现在他说当时错误地关注了为什么固定利率按揭贷款在低通胀时期对借款人而言是不合理的。