So... a little math.
QE, the first round of mortgage-backed securities bought by the Fed under Bernanke, ultimately ended up being $600b.
QE2, the second round, was $600b of t-bills.
QE3 was $40b a month for three months, until that didn't work, then it was $85b a month, then it was working so Bernanke brought it back to $60b a month after six months, at which point the Dow dumped 4%.
We're at a quarter of QE1 or QE2 and more than three months of QE3.
In two days.
A billion here, a billion there and before too long we're talking about real money. I'll say this much: the algorithms trading 85% of the securities out there don't know what a "repo" is either.
What the hell is a repo?