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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 periodicals archive ?
A study in the journal of Alternative and Complementary Medicine in 2002 specifically investigated GSE at varying concentrations to learn whether a concentration existed that was both antimicrobial and nontoxic (and in what period of time).
Effect of GSE on cell viability was analyzed by CellTiter Glo Luminescent Cell Viability Assay (Promega, Madison, WI, USA) following manufacturer's protocol.
For the most part, Democrats like having leverage over the two GSEs so they can prod them to establish larger funds to make housing more affordable to low-income families.
Henry warned that the actual or perceived inability of a GSE to meet debt or mortgage-backed security obligations, as well as potential reductions in market value of GSE debt obligations, could have both direct and indirect consequences for the financial sector and the economy.
Studies suggest that GSE may lower blood pressure, prevent atherosclerosis and improve cholesterol levels.
GSE tech-motive tool manufactures tightening solutions for the automotive industry.
However, GSE corporate governance has not always reflected best practices.
Cygnus Business Media (Westport, CT) has acquired GSE Today magazine, GSE Expo and the GSEToday.
The Stork GSE COLORSAT[R] MIXPOINT is a fully automated and computerized gravimetric dispensing system, specially designed for use with all types of water based, solvent based and UV cured colorants.