How can you possibly blame the short sellers for the financial stocks losing!?!?!

Just because they blamed the short sellers for the drop in financials, doesn’t mean that the pain is over. Short sellers didn’t make the stocks go down, they simply profited from it.
And since I'm on the subject, I’m going to vent a little. For some self-masochistic reason I had cnbc on for the majority of the day in the office (usually find cnn or sportscenter more entertaining and informative) and was really disgusted at how they blamed the short sellers for the demise in the financials.

Now I have caught a bit of flack from people over the past few months for being too bearish, and while we have had a bearish outlook on this market for quite some time now, and have voiced that here as I feel it our responsibility to call things as we see them, and for one reason only. We feel it our responsibility to help the individual investors, because the "experts" mislead for their own gains at every turn. We have been bearish on the financials for months, and we, as well as a number of our subscribers have made some excellent trades shorting these bank and broker stocks.

So back to the point. Big business doesn’t care about us, the little guy – they care about profit margins and the bottom line. Have you ever missed a payment on a loan and had the late fee lifted because they felt bad for your financial situation? Or had to take a pay cut and had the bank lower the interest rate to help you out? Surely you haven’t – it doesn’t happen! Why hasn’t it happened? Because the almighty dollar is a lot more important than any individual person to these companies. When looked at in a big picture, that is exactly where this whole sub-prime mess and credit crisis came from – financial institutions trying to make money on the backs of individuals who they knew would have trouble making payments down the road.

So if banks and financial intuitions can profit from the potential demise of individuals, why should we, the individuals, be penalized and demonized for profiting from the potential demise of these financial institutions? They see opportunity, act on it, and get paid handsomely, so why shouldn’t we be afforded the same opportunity? I have heard it said that many people look at shorting stock as un-American, but isn’t NOT being allowed to short stock, to see an opportunity, and have the guts, brains, and resources to act on it, by definition, un-American? Life liberty and the pursuit of happiness right? Not to say that money can buy happiness but watching my money slowly drain away while these cnbc ANAL-ysts tell me to buy and hold would certainly make me pretty unhappy. We didn’t make the financials go down, the financials made themselves go down (and the rest of the market with it) by using shady business practices and making risky investments. I for one have no sympathy, and do not appreciate being a scapegoat for the irresponsible business practices of greedy, mismanaged and misinformed companies.