From: David R. Tebeau
Sent: January 26, 2007
Subject: File No. S7-25-06

I believe you all are doing the right thing concerning hedge funds. How much is invested in hedge funds today vs. regualar stock / bonds / mutual funds.

The speculation in hedge funds makes the marginal lending of banks in 1928 look puny.

Stop this hedge fund speculation before it brings down nation.

David R. Tebeau
Rockwall Texas