Andie Kramer was quoted in the November 24 issue of Business Week about how fund-of-funds managers are being forced to dump assets, putting further pressure on the hedge funds and the markets generally, since so many depended on borrowed money. The funds of funds were layering leverage upon leverage. They owned hedge funds already loaded up with debt, roughly $6 for each $1 of capital. When credit seized up, the process began to reverse. "Once things start to deliver, everything contracts," Ms. Kramer said.