Short selling has bankrupted companies...almost bankrupted Overstock in fact...this bothered me also...I thought CNBC were giving us financial news...but I see that they are merely cheerleaders for Wall Street...their attempt to prop up GE is an example...they are owned by GE.
back in the 90’s they did the same thing with the nasdaq bubble. Subprime imploded as well: United Companies, NFI, Amresco, Aaames, and others. was like now but on a much smaller scale and they learned nothing.