Should Americans be more wary of the educated?

Despite the fact that people with bachelor's degrees only comprise 30% of America's population, they are dramatically overrepresented in the field of finance, the collapse of which caused this recession. And almost all congresspeople have college degrees too, and we all know how well the government works. Do these eggheads really have the other 70% of America's best interests in mind, or are they instead working to to undermine the majority of the American population? I personally believe we should keep a closer eye on these elitists.