clyde anderson is here to look at both plans.homeowners refinance their existing mortgages with lower interest rates. let's listen and we'll talk on the other side. >> through this plan we will help between 7 million and 9 million families restructure or refinance their mortgages so they can afford -- avoid foreclosure. we're not just helping homeowners at risk of falling over the edge, we're preventing their neighbors from being pulled over that edge, too. >> all right. that sounds great. how does it work? >> the main thing, he released something similar, a plan that said you could only go up to 125% of the loan to value, meaning people who are und underwater, they want to refinance mortgages and take advantage of the low rates. they are saying you can refinance even if you are underwater in your mortgage, meaning you owe more than your house is worth. so they are giving them an opportunity to refinance. that's huge. >> you cannot be behind on your payments. what are other criteria for this? >> it must be a primary residence t m

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financial analyst clyde anderson is here to help you get results.people make mistakes on their bills all the time. and yet most people don't even know it, right sf >> exactly. a lot of times we don't open the mail. we don't look at it. we automatically play. we need to start looking at it. >> or auto pay. >> last year there were about $100 billion in billing errors on health care bills. you could be giving money you don't need to. >> on health care bills. that's interesting. >> exactly. >> so how do you go about fixing that? >> there's a right way. a lot of times emotion gets in the way. we get all excited. we need to first calm down and then pay attention to the billing changes. realize that most people don't call for these errors because they just don't know about them. and then women are less likely to call because they don't like the confrontation. >> interesting. >> also, senior citizens. they won't call because they don't want that confrontation. sometimes they're not understanding exactly what's going on. >> what's interesting to me, you say

our clyde anderson will be along. welcome to this cnn saturday morning. 7:00 a.m.:00 a.m. in denver. >>> u.s. troops will be home for the holidays and that means an end to the more than eight-year-old war in iraq. that's the promise just made by president obama. let me turn to the white house now and our athena jones. hello to you. the president, big announcement yesterday and it's one people are happy to here. >> certainly. the president and the white house see this as a promise kept. almost the first words out of his mouth yesterday, president obama's mouth when he came into the briefing room to make this announcement were saying as a candidate for president i pledged to bring the war to iraq to an end. so you'll remember that it was his opposition to the war in iraq that really set him apart during the democratic primary last time around. he believed that this war in iraq was a rash war, a dumb war that it caused us to take our eye off the ball in afghanistan. so he ran on this idea that that war in iraq had to be wound down so that we could focus on the -- the

well, author and finance expert clyde anderson is worried about losing the middle class altogether andt's what we're talking about today. so many angles to take on this. what can we focus in on? why don't we start with just defining the middle class? >> a lot of people are unaware that the middle class are 30,000, $35,000 so a lot of people are middle income and not middle class. they live an income that exceeds that. we're in a big situation now and you mentioned occupy wall street because a lot of people are hurting right now and we eliminated a lot of the jobs that they had in the past and now they don't know what to do. >> what exactly does the middle class support? >> well, you think about it, the middle class are a lot of our journalists, our writers, people that work in factories and we look at how many factory jobs were eliminated over the last three years. it's been a huge impact to them and even some of the computer jobs. in 1975, there were 300,000 computer workers, now we've got about 160,000 computer workers. so, these jobs are being shipped else where. we're not making a