I agree with you shorting alone would not have brought down BS (although as Bruce points out it can, in an extreme cases destroy a company). The BS Bear raid also included but was not limited to calling clients and starting rumors of insolvency after they had positioned themselves. In this market fear needs little excuse to action and reason does not have the luxury of due diligence. Ruthless Bears understand this and it puts all at risk. It's the same thing as penny stock operators but in reverse BS was a major target no one liked them and it is why Ben let them fail. If you ever get the chance "Reminiscence of a stock operator" is a veiled biography of Jesse Livermore. It’s a fascinating read and one that I keep going back to time and again, IMHO this stuff happens a lot. And in Bear markets it's the easiest route to malfeasances #1 cause of PE compression in Bear markets risk.