Government Sponsored Enterprise


Also found in: Medical, Acronyms, Encyclopedia, Wikipedia.

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 ?
Richard Baker (R-LA), former Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.
Maco, director of the Securities and Exchange Commission's Office of Municipal Securities, told members of the House Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises that approximately $1.
The Fund is capitalized through contributions by government sponsored enterprises Fannie Mae and Freddie Mac.
THE THIRD IN A SERIES OF HEARINGS BEFORE the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises on strengthening regulation and promoting market discipline of the housing government-sponsored enterprises (GSEs) took place over the summer.
Another point of possible conflict surfaced in February, when Treasury Secretary O'Neill, in a Bloomberg Television interview, praised the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac, and said the two companies "don't receive a subsidy" as critics often argue.
WASHINGTON -- The Council for Citizens Against Government Waste (CCAGW) released the following excerpts of the statement of CCAGW President Tom Schatz submitted to the House Joint Subcommittee on Housing and Community Opportunity and Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises regarding H.

Full browser ?