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The investment fueled US mortgage market has traditionally been sustained by New Deal institutions called government sponsored enterprises (GSEs).
debt," Mr. Greenspan said, referring to the debt of "government sponsored enterprises".
It's as if the recent debate over Fannie andFreddie, and the wreckage fostered by government sponsored enterprises hadn't even happened.
While government sponsored enterprises Fannie Mae and Freddie Mac are teetering on the edge of nationalization, the Farm Credit System, a forgotten government-sponsored enterprise, is buzzing along.
We need to reign in the excesses of Fannie Mae and Freddie Mac, and take these government- sponsored enterprises off the backs of taxpayers.
Fannie Mae and Freddie Mac were GSE's, government sponsored enterprises that bought home mortgages.
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As "government-sponsored enterprises," they took excessive risks.
The entire financial system might well become, in essence, a group of government-sponsored enterprises.
Taxpayers surely do not want to create new government-sponsored enterprises that may later fail.
America has five government-sponsored enterprises (GSEs), set up to subsidise loans to homeowners or farmers.
It's another reminder that Uncle Sam's problem with government-sponsored enterprises is festering.
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