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 ?
Mr Pitt said the appointments would better position Queenslands Government-Owned Corporations (GOC) for the future.
Systematically, as Gold writes, the Nazis organized a state-run conspiracy consisting of lawyers, officials, banks, law courts, insurance companies and government-owned corporations as well as Nazi Party members.
Squire Patton Boggs has approximately 25 lawyers based in the Middle East, providing legal and policy advice to governments, government-owned corporations, investment institutions and private business clients throughout the region.
The rewards are high in terms of a panoply of jobs across design, manufacturing, construction, services and R&D activities, coupled with economic growth, but it is recognised that the market alone will not open up this opportunity due to unsustainably cheap shale gas and international government-owned corporations with access to cheap finance capital.
The minister announced that they privatized 139 government-owned corporations during the period from 1990 to 2012, describing them as worthless companies that used up a lot of money but produced nothing in return.
Patton Boggs' MENA practice group provides legal and policy advice to sovereign governments, government-owned corporations and private-sector clients requiring corporate and strategic advice for doing business in and throughout the Middle East and North Africa (MENA) region.
For more than 30 years, the law firm of Patton Boggs LLP has provided legal and policy advice to sovereign governments, government-owned corporations and private-sector clients requiring corporate and strategic advice throughout the MENA region.
In 2009 the Qatari Government issued several tranches of bonds in its effort to create a sovereign benchmark yield curve aimed at facilitating issuances by government-owned corporations and commercial banks.
Historically, apartment buildings were owned by the municipal governments or government-owned corporations.
Another resolution termed as revolutionary step on the part of the present democratic government the grant of 12 percent shares of the government-owned corporations to the workers.
He further said that government should ensure good governance and corruption free structures through establishment and proper functioning of democratic institutions, making the country a self-reliant economy by stopping wasteful, unproductive expenses, making government-owned corporations profitable, accelerating industrialisation and increasing productivity, improving agricultural sector productivity, reducing inequalities through a policy of redistribution of income and wealth.
Rahimi announced Saturday that some ministries, state agencies and government-owned corporations would be moved out of the capital.

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