to allow foreclosures "hit the bottom. Now he says such an approach is unrealistic.

The idea that somehow this is going to cure itself all by itself is probably not real. There’s going to have to be a much more concerted effort to work with the lending institutions and help them take action which is in their best interest and the best interest of the homeowners.

Don’t try and stop the foreclosure process. Let it run its course and hit the bottom, allow investors to buy up homes, put renters in them, fix the homes up, and let it turn around and come back up.

The Obama administration has slow-walked the foreclosure processes that have long existed and as a result we still have a foreclosure overhang.

So three months ago, Mitt Romney said the foreclosure crisis would cure itself if we just "let it run its course. Today, he dismisses that notion as "not real" and says we need to "help" banks so that they can do the right thing.

But even though that's a pretty big flip-flop in philosophy, one thing is consistent: he didn't want to directly help homeowners then, and he doesn't want to directly help homeowners now. In his view, it isn't people who need help: it's banks.