Government Sponsored Enterprise

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Government Sponsored Enterprise

A privately held or publicly traded company created by the U.S. Government for some purpose thought to benefit the American economy. For example, Freddie Mac was originally a GSE created to encourage homeownership among middle class and working class Americans. Because it is "sponsored" but not owned by the government, GSE stocks carry higher risk than, say, Treasury securities, which are backed by the full faith and credit of the United States. However, GSEs have an implicit guarantee that the government will not allow them to fail. Indeed, when Fannie Mae and Freddie Mac collapsed in 2008 they almost instantly received federal assistance.
References in periodicals archive ?
QIC is regulated by State Government legislation pertaining to government owned corporations in addition to the Corporations Act 2001 (Cth) ("Corporations Act").
Treasurer Tim Nicholls said the Results of audit: Queensland state government financial statements 2013-14 report found that the Government s financial reporting was of a high standard and a true and fair reflection of the finances of both Government and the overall government sector, which includes government owned corporations.
Mr Nicholls said the Government remained committed to the simplification of employment agreements, including the removal of the no forced redundancy provisions for most government owned corporations.
TIR is an Information Technology company providing specialized services to many Malaysian companies and partial government owned corporations such as Tongkah Holdings Berhard, Pantai Hospital Berhard and Medicare, WorldCare Health (Malaysia), Tongkah Otto Sdn Bhd (waste management), Automobile Association of Malaysia (AAM), Petroleum National Berhad (Petronas), Esso Production (M) Sdn Bhd and others.
From July 1 next year the Power and Water Corporation (PWC) will be restructured to create two new stand-alone government owned corporations with separate boards.
The report sets out a range of other measures by which to derive funds from Government Owned Corporations (GOC) to pay down some of the debt, including significant reform to improve efficiency.
The Board will examine the financial position of the Northern Territory budget and Government owned corporations as well as taxpayer contributions to projects such as the marine supply base, prison and Darwin waterfront.
The eDRMS will also be made available to Statutory Authorities and Government Owned Corporations (GOCs).

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