I dont know about the World, but the U.S. ... Well the 700 billion isnt going to help anything because its all just tax money from the citizens. In other words we are "taxing ourselves out of debt". The reason we are in said debt, is because the government gave finacial insurance to banks and told them to give loans to people with horrible credit. In other words people who most likely wouldnt pay back the money. And just like the government they forgot to give the financial insurance places a budget. So when the money wasnt being paid back, the banks went under, and without insurance thy stayed that way.