www.TheFinancialCoach.com or http The Financial Coach evaluates the shocking similarity between the mortgage industry and the corruption that let to the 2008 collapse and the financial industry (investing).

President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry …