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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.


See government-sponsored enterprise.

References in classic literature ?
The last extract followed, and consisted of these lines only:
The reading of the extracts from the letters and the extracts from the Diary began.
Three separate extracts from letters written by three different correspondents were selected to be read in Court.
The first and longest of the Extracts produced the most vivid impression in Court.
The most unpleasant pages in the whole Report of the Trial were--to me--the pages which contained the extracts from my husband's Diary.
Julian returned for the second time to his extract from the letter:
Julian advanced to his second extract from the consul 's letter:
Let me read my third extract," Julian answered, "and you will see.
He turned to the third extract, and read as follows:
He returned to the letter for the last time, and concluded his extracts from it as follows:
Some books also may be read by deputy, and extracts made of them by others; but that would be only in the less important arguments, and the meaner sort of books, else distilled books are like common distilled waters, flashy things.
Poets, of course, may be satisfactorily read in volumes of, selections; but to me, at least, a book of brief extracts from twenty or a hundred prose authors is an absurdity.

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