I'm just hoping that if people can finally stand up and elect a minority as president, then maybe we can also demand that white collar criminals start to take some heat.

To put it in Hacker perspective, if "The best way to predict the future is to invent it." then the best way to create social change is to get off our collective butts and demand it ;)

btw, I'm not actually foolish enough to think Obama is going to make radical progress in these areas. If we want people to pay the price for economic malfeasance, we have to demand their heads be put on pikes. If we make it clear that its either them or you ("you", meaning our elected officials) we might see some progress.

Subprime loans were made at the insistence of elected officials.

that's correct. However, I do not believe our elected officials pushed it to allow "poor and minorities" easier access. I think they did it to allow financial institutions to reap the benefits of more and cheaper funds.

it's that he almost perfectly described what the upper class IS. People who have money without having provided any value.