[carnitine]

Quantitative easing swaps bank reserves for high grade bonds. How is that remotely equivalent to the forced liquidation and distribution of equity?

[csomar]

I'm talking about the hypothetical scenario where swapping $200bn worth of equity will generate $200bn worth of cash without disturbance to the market.

Obviously, this couldn't be less true and the market will collapse even before the selling starts.

[carnitine]

How is that analogous to 200bn of bonds for 200bn of bank reserves?