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And it was no easy task, considering most Americans, including reporters, editors and a certain hockey-mom-cum-vice-presidential-nominee, didn't have a clue as to what the two government-sponsored enterprises actually did -- let alone what a government sponsored enterprise is -- or why the Treasury secretary was apparently toting, then suddenly shooting, a bazooka, for God's sake.
It is a government sponsored enterprise of government backed lending earmarked for agriculture.
Set up in 1972 as a non-profit, government sponsored enterprise (GRE) supervised by the U.S. Treasury, in 1997 Sallie Mae obtained Congressional approval to privatize.
Presumably, because both Senator Obama and Senator McCain have railed against lobbying, it will be necessary to determine what lobbying and other "government relations" activities of Fannie Mae, a government sponsored enterprise, contributed to its fall and lack of oversight.
Officially the Federal Home Loan Mortgage Corporation, Freddie Mac is a so-called "government sponsored enterprise" that was created to sell mortgage-backed securities, the financial instruments that were responsible for the recent economic collapse.
Phelps advocates that the state should make an initial capital contribution to a government sponsored enterprise and then create a system of new banks called the "Innovation Finance System" that could be loosely modeled after the U.S. Farm Credit System.
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debt," Mr. Greenspan said, referring to the debt of "government sponsored enterprises".
[The government sponsored enterprises, Fannie Mae and Freddie Mac, lend excess cash in the federal funds market and are not eligible to earn interest on reserves from the Fed].
Over the years, he expanded his coverage to include government sponsored enterprises (Fannie Mae, Freddie Mac, Sallie Mae), mortgage banking companies and mortgage insurers.
Interest has been largely focused on office because of the visibility — the tradeability — of those assets, and on the apartment sector, because of its stronger fundamentals and the availability of credit through government sponsored enterprises like Fannie Mae.
A securities analyst following the savings and loans industry and government sponsored enterprises, Jonathan reigned as the number one researcher in his field for 29 illustrious years at Sanford C. Bernstein & Co. and its successor firm, Alliance Bernstein.
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