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 ?
Government-owned enterprise may participate only if they are legally and financially autonomous, if they operate under commercial law, and if they are not a dependent agency of the purchaser.
Pertamina will operate the Mahakam block from January 2018 and will share a 70 per cent participating interest with a regional government-owned enterprise, Said said, noting that this stake would not exceed 10 per cent.
a government-owned enterprise, plans to relocate its three plants in Taiwan to Southeast Asia to set a precedent in its 66-year history, according to chairman F.
In 1989 Skoda Auto Works in Bratislava was a sleepy, government-owned enterprise producing cars with a reputation for poor quality that wasn't that different from Czechoslovakia's reputation in general.
The Kupol mine and the East and West exploration licences are owned by the Chukotka Mining & Geological Company, in which Kinross holds 75% and the rest is owned by a local government-owned enterprise.
China's growing economic importance is demonstrated very forcefully by the acquisition of MG Rover by Nanjing Automobile Group, which is a government-owned enterprise rather than a private business.
If the opportunity takes the form of occupying an administrative position in the government or government-owned enterprise or bank, or of carrying out a policy in a government rural development program, the person can take bribes, embezzle public funds or extract levies from, or withholding payments to, farmers as much as the prevailing practice allows and as the person's own conscience dictates.
The Electricity Supply Commission, still known by its Afrikaans acronym, Eskom, is the most important South African government-owned enterprise, and the fourth largest non-petroleum power company in the world.
Peru's $74 billion in untitled housing value is eleven times more than all government-owned enterprise and fourteen times more than all foreign investment.
News broke last week that Viettel, Vietnam's largest mobile network operator and a government-owned enterprise wholly owned and operated by Vietnam's Ministry of Defence, will invest around $1.
In seven years, it has gone from a sleepy government-owned enterprise to a publicly owned concern.
TVA is a self-financing government-owned enterprise that receives no taxpayer money.

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