A House committee approves a bill that will put employees of Fannie Mae and Freddie Mac on a...

|By:, SA News Editor

A House committee approves a bill that will put employees of Fannie Mae and Freddie Mac on a federal pay scale and will suspend controversial compensation packages for top executives. Rep. Spencer Bachus - chairman of the House panel that led discussion on the issue - counters spirited defense of the lavish compensation policies approved by FHFA Director Edward DeMarco and key Senators by saying the bonuses are "unreasonable and unjust to taxpayers."