Follow the Money? Congressman on Financial Services Committee Makes $2 Million Big Tech Bet A Congressman, $2 Million in Tech Stocks, and a Seat on the Wall Street Watchdog Committee
Follow the Money? Congressman on Financial Services Committee Makes $2 Million Big Tech Bet A Congressman, $2 Million in Tech Stocks, and a Seat on the Wall Street Watchdog Committee Is This the Red Flag We've Been Waiting For? A Congressman's Multi-Million Dollar Tech Bet There’s an old saying on Wall Street: “Follow the smart money.” It’s the idea that to make it big, you should mimic the trades of the wealthy, the connected, and the powerful. But what happens when that “smart money” belongs to a sitting member of the United States Congress ? And not just any member, but one who has just been appointed to the very committee that regulates Wall Street and the entire financial industry? This isn't a hypothetical. This is the story of Representative Cleo Fields (D-Louisiana), who, in his first year back in Congress, has just made a multi-million dollar bet on Big Tech. In a series of financial disclosures filed this month, we learned that the Louisiana congressman has bee...