I don't understand the current lessons being drawn by the public from this situation. I don't think shorting stocks (even to 140% of its float) is a bad thing.

I don't understand the current lessons being drawn by the public from this situation. I don't think shorting stocks (even to 140% of its float) is a bad thing. And, the hedge fund managers that shorted GME don't deserve to be bankrupt. Shorting stocks, in general, is a beneficial action for the market because it helps prevent shares from becoming overvalued. The problem that GME highlighted is that it's too easy to purposefully trigger a short squeeze. One possible solution seems to be that the SEC should make it easier to borrow shares to short a stock. And, in so doing, they should make it harder to purposefully trigger a short squeeze. There's nothing wrong with greed if it doesn't hurt others...The SEC's ultimate goal should be to have a fair and efficiently priced market at all times. In this case, it seems like the party that needs to be protected is the hedge funds....What am I missing?