Once Wynn secures financing for his project (not a problem, he insists), wary investors will loosen their purse strings for Adelson and the rest, says Andrew Zarnett, Deutsche Bank's senior gaming analyst.

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Problem is, in this case, Louisville and Ware are already tugging on America's heart strings.

WSJ: Final Four: It's Louisville and The Other Guys

The problem with borrowing billions of dollars from taxpayers, some banks found, is that it comes with nettlesome strings like restrictions on executive compensation, pricey dividends payable to Uncle Sam and, in some cases, partial government ownership.

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Now, I understand that, on any given day, Wall Street may be more comforted by an approach that gives bank bailouts with no strings attached and that holds nobody accountable for their reckless decisions, but such an approach won't solve the problem.

CNN: Obama speech to Congress focuses on economy