Federal Reserve Lowers Interest Rates, Freedom Investment Club Looks Ahead to Growth.

Canadian Corporate News, September, 2007

VANCOUVER, BRITISH COLUMBIA, Sep 19, 2007 (CCNMatthews via COMTEX) -- On top of the shaky economic climate and the oscillating credit markets, the US housing market foreclosure forecasted for 2007 is expected to be more than double the amount in 2006.

The US housing foreclosure epidemic is not isolated just to the USA, but threatens the health of the global economy, as sub-prime mortgages were lumped together in packages and sold as asset backed securities worldwide.

Investors in Canada are directly impacted by the sub-prime mortgage fiasco, as financial institutions own $35 billion in asset backed securities and it is estimated that these assets are only worth 50 cents on the dollar.

So far this year nearly $200 billion in mortgages have...