From latimes.com:

Over the last three years, the complex system of the global economy flipped from boom to bust – all because a bunch of Americans started to default on their subprime mortgages, thereby blowing huge holes in the business models of thousands of highly leveraged financial institutions. The next phase of the current crisis may begin when the public begins to reassess the credibility of the radical monetary and fiscal steps that were taken in response.

It will probably fail whether or not the public wakes up to what really goes on in Washington.

More here: America, the fragile empire.