The Column: Jill Schlesinger writes about lessons from 2022

It feels like each of the past three years has ended with an exhale — and a "thank goodness it's over." It would be a shame to close out this dumpster fire of a year, without learning some important lessons.

That made the cost of borrowing soar, with credit card rates reaching record highs, auto loan rates jumping to the highest level in over a decade, and home equity lines of credit breaching 15-year highs.

Bankman-Fried now faces criminal and civil charges from the Department of Justice, the Securities and Exchange Commission, and the Commodity Futures Trading Commission. Bankman-Fried attracted some of the most influential Silicon Valley venture capital, but new and complicated technologies, delivered by a "wizard" can lure even seasoned investors.