Agree, selling will be problematic. The fed's probably going to use reverse-repo to exit. See http://www.voxeu.org/article/exit-path-implications-collateral-cha

Agree, selling will be problematic. The fed's probably going to use reverse-repo to exit. See http://www.voxeu.org/article/exit-path-implications-collateral-chains http://www.voxeu.org/article/exit-path-implications-collater... and http://ftalphaville.ft.com/2013/08/27/1612763/will-this-be-the-zlbrepocollateral-scarcity-solution-weve-been-waiting-for/ http://ftalphaville.ft.com/2013/08/27/1612763/will-this-be-t...