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 ?
Morn explains that the government-owned corporation has two missions: it works with Quebec companies, offering them financing and tax solutions, and it also has the responsibility of finding investments from foreign companies wishing to do business in Quebec.
Gladstone Ports Corporation CEO Peter OSullivan said he was is pleased the Government-Owned Corporation had received approval to lease a parcel of strategic port land for the construction of a new LNG operations facility.
Duval, former president of the Societe des alcools du Quebec (SAQ), a government-owned corporation that is responsible for the sale of alcoholic beverages in the province, says, "Who buys beer and wine?
The USBBG is a government-owned corporation that handles all of the US government's international media outlets.
A government-owned corporation, K-water develops and manages a host of facilities and programs designed to provide the best water supply and water quality available to operate 12 multipurpose dams and other projects.
The National Railroad Passenger Corporation, doing business as Amtrak (reporting mark AMTK), is a government-owned corporation that was organized on May 1, 1971, to provide intercity passenger train service in the United States.
The government-owned corporation uses SolidWorks on all of its fleet, including the Acela, Superliner, and Amfleet trains, and it's the Amtrak standard for all new rolling stock designs.
The Millennium Challenge Corporation (MCC) is a United States government-owned corporation created in 2004, whose mission is to provide grant assistance to support economic growth and poverty reduction in select developing countries with a demonstrated commitment to just and democratic governance, economic (Compact) with MCC that includes a plan for achieving shared development objectives and the responsibilities of each country in achieving those objects.
PNOC-EC, a government-owned corporation, holds a 10 percent stake in the project.
Before joining the Uniprix Group, Duval was general manager of the Society for the Celebration of Montreal's 375th Anniversary (which is in 2017) and, from 2008 to 2013, president of the Societe des alcools du Quebec (SAQ), a government-owned corporation responsible for the sale of alcoholic beverages in Quebec.
Fitch notes that FFB is an unrated government-owned corporation which differs from traditional government sponsored enterprises.
Raising eyebrows among reporters present, however, was this CEO of a government-owned corporation.

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