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." COUNT 5
QSN1 When did the securitization markets supported by the shadow banking systems start to close down? ANS1 spring of 2007 QSN2 When did the securitization markets supported by the shadow banking system nearly shut-down completely? ANS2 fall of 2008 QSN3 How much of the private credit markets become unavailable as a source of funds? ANS3 More than a third QSN4 What is the firm who reported that the traditional banking system does not have capital to close the gap as of June 2009? ANS4 Brookings Institution QSN5 How many years would of strong profit would it take to generate enough capital to support additional lending? ANS5 a number of years