Short sellers = Scape goats
Short sellers are being made scapegoats in whole of this debacle. Why did short selling take out all institutions one by one. They work on information not assumptions. The total shortfall with UK banks is 650 Billion in outstanding obligations. This is = to approx 50 Billion Pm.
The system is not generating anywhere near 50 billion per month. As cheap money is not available to repay these obligations unless govt gives banks money the situation will get worse.