What's Good For Business, If No One Else.

Comments on the issue of whether less regulation means more benefits for investors. Implications of U.S. President George W. Bush's nominee for chairman of the Securities and Exchange Commission (SEC) , Representative Christopher Cox, a Republican and big-business advocate; View that a lawsuit brought by the SEC against Citigroup reminds us why the rules that are despised by business are good for investors; Background on the lawsuit; Suggestion that the Depression-era legislation, known as Glass-Steagall, written to eliminate the kinds of conflicts that financial supermarkets present, should not have been dismantled; Why investors should be wary of those who claim that the free markets, not regulators, are best at resolving conflicts.