Given that Fannie Mae and Freddie Mac were a “primary cause” of the housing crisis, the two GSEs should be “wound down in size and scope,” according to the Republican party platform. Unveiled last week during the GOP convention in Tampa where former Massachusetts Governor Mitt Romney was confirmed as the party’s presidential nominee, the platform made mention of the Republican position on principal reduction, noting that “taxpayer dollars should not be used to bail out borrowers and lenders by funding principal write-downs.”