The securitization markets supported by the shadow banking system started to close down in the spring of 2007 and nearly shut-down in the fall of 2008. More than a third of the private credit markets thus became unavailable as a source of funds. According to the Brookings Institution, the traditional banking system does not have the capital to close this gap as of June 2009: "It would take a number of years of strong profits to generate sufficient capital to support that additional lending volume." The authors also indicate that some forms of securitization are "likely to vanish forever, having been an artifact of excessively loose credit conditions."
When did the securitization markets supported by the shadow banking systems start to close down?
spring of 2007

Some consider koshari (a mixture of rice, lentils, and macaroni) to be the national dish. Fried onions can be also added to koshari. In addition, ful medames (mashed fava beans) is one of the most popular dishes. Fava bean is also used in making falafel (also known as "ta'meyya"), which may have originated in Egypt and spread to other parts of the Middle East. Garlic fried with coriander is added to mulukhiyya, a popular green soup made from finely chopped jute leaves, sometimes with chicken or rabbit.
What is a polular green soup of Egypt?
mulukhiyya

Until the military coup of 22 March 2012 and a second military coup in December 2012, Mali was a constitutional democracy governed by the Constitution of 12 January 1992, which was amended in 1999. The constitution provides for a separation of powers among the executive, legislative, and judicial branches of government. The system of government can be described as "semi-presidential". Executive power is vested in a president, who is elected to a five-year term by universal suffrage and is limited to two terms.
How many years is one presidential term for?
five-year