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This is a misrepresentation of the complexities of financial services, monetary, and fiscal policy.

Say what you will about the carelessness of risk-taking, shortterm thinking of the banks, but please don't misrepresent reality

Same nonsense we were told in 2008. The financial stuff is far too complicated for us mere mortals to judge, leave it all up to the bankers. All of this despite the fact that economics is a corrupt pseudoscience.

Counterfeiting is creating something that is fake, but presenting as real. Counterfeiting has nothing to do with quantitative easing and you shouldn't conflate them.

What is the justification for considering one to be fake and the other real?

The government is considered the sole producer of currency. As such they are the hallmark of valid money. Anyone in the basement is creating a knock off.

These are short-term loans, not a gift.