The mounting worry among big investors, insiders say, is the threat of a left-wing takeover of Congress, conjuring nightmare scenarios of Democratic Socialists on Capitol Hill looking to throttle deals as they grill tech executives over everything from AI-sparked job losses to deepfakes.
The “suckers” here are mostly ordinary people’s retirement savings, because index funds are obligated to buy at whatever price the stock trades, with no say on valuation. Fast-track inclusion hands early investors and insiders a guaranteed, price-blind buyer to sell into, and pensioners end up as the exit liquidity.