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I guess we have to include Shelby among the "good guy" Republicans.

Senator Shelby vows to continue to press GSE reform in Senate

Senate Banking Committee Chairman Richard Shelby (R-AL) said that while the future of a bill passed by his committee recently to overhaul regulation of the housing GSEs “remains uncertain,” he vowed to “continue to press the issue of GSE reform in the Senate,” saying it’s clear that the present housing GSE regulators are “woefully inadequate.” Shelby added, “Fannie and Freddie, the second and fifth largest financial institutions in the United States, are too important to have a regulator with less power than the regulator of a small country bank.”
Shelby said, “It has been extremely difficult to create a consensus bill that will enjoy broad support among Republicans and Democrats, and is acceptable to the Administration.” He added, “The tight 12-9 vote on the committee demonstrated that even with the expansive affordable housing mandates and watered down receivership authority, we could not attract enough (support) from across the aisle to ensure enactment into law.”
In a brief discussion with reporters, Shelby would not declare the GSE regulatory reform bill dead. “It is on the calendar,” he said. “We’ll see what happens.” Most observers have said, barring a GSE crisis or a compromise, they do not expect the bill to come up for a vote in the full Senate. (Dow Jones & Company, John Connor, 04/23/04; American Banker, Damian Paletta, 04/26/04)
In an interview on CNNfn’s Street Sweep, Shelby said, “…if there’s another scandal, a restatement of accounting, and things like this in the future, I believe the climate would change. Then, we will have a good chance to pass a meaningful reform bill dealing with Fannie Mae and Freddie Mac and the Federal Home Loan Bank. But until then, I don’t see a lot passing this year, barring a catastrophe with these institutions.” (CNNfn Street Sweep, Christine Romans, 04/27/04)