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瑶胖胖爱做多
2023-03-14
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The new king of hedge funds on Silicon Valley Bank bailout: American-style capitalism is collapsing before our eyes
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does not need to support it. The Silicon Valley Bank incident can make banks understand the importance of risk management, and now U.S. financial discipline has been lost.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The crisis gradually fermented, and the U.S. government made a 48-hour \"emergency rescue\", but some investors didn't seem to buy it.</p><p>On March 13, Ken Griffin, the head of Citadel, the \"new king\" of hedge funds who earned $16 billion last year, told the Federal Reserve in an interview with the media that now people are watching American capitalism collapse, and American financial discipline no longer exists.</p><p>Previously, Silicon Valley Bank became insolvent overnight, and the Federal Reserve made an emergency rescue, announcing the launch of an emergency financing tool called the Bank Term Financing Program (BTFP), which will provide mortgaged U.S. Treasury Bond, institutional debt, mortgage-backed securities (MBS) and other qualified assets. Banks provide loans for up to one year.</p><p>The Treasury Department's foreign exchange stabilization fund will provide up to $25 billion in support of the Federal Reserve's lending program.</p><p>In this regard, Griffin believes that,<b>Financial discipline in the United States has been lost because the government has stepped in to support depositors</b>。 He pointed out that the U.S. economy is \"resilient\" and could have used Silicon Valley Bank to teach banks a lesson without the intervention of the Federal Reserve, and U.S. taxpayers were not obliged to rescue institutional investors. He said:</p><p>\"This would have been a good lesson for the moral hazard dimension of banks.<b>The losses of depositors are negligible, and the Silicon Valley Bank incident can make people more aware of the importance of risk management.</b></p><p>The United States has achieved full employment, credit losses are minimal, and bank balance sheets are at their strongest in history. We can use this to solve the risk management problems that banks now have. \"</p><p>But Bill Ackman, the legendary fund manager and founder of Pershing Square, has a completely opposite attitude to Griffin's. He believes that once Silicon Valley Bank fails, more banks will face runs and bankruptcies, and dominoes will fall one after another. Therefore, the U.S. government must take action.</p><p></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The new king of hedge funds on Silicon Valley Bank bailout: American-style capitalism is collapsing before our eyes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe new king of hedge funds on Silicon Valley Bank bailout: American-style capitalism is collapsing before our eyes\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-03-14 08:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The head of the Citadel believes that the losses of depositors are negligible, and the U.S. government does not need to support it. The Silicon Valley Bank incident can make banks understand the importance of risk management, and now U.S. financial discipline has been lost.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The crisis gradually fermented, and the U.S. government made a 48-hour \"emergency rescue\", but some investors didn't seem to buy it.</p><p>On March 13, Ken Griffin, the head of Citadel, the \"new king\" of hedge funds who earned $16 billion last year, told the Federal Reserve in an interview with the media that now people are watching American capitalism collapse, and American financial discipline no longer exists.</p><p>Previously, Silicon Valley Bank became insolvent overnight, and the Federal Reserve made an emergency rescue, announcing the launch of an emergency financing tool called the Bank Term Financing Program (BTFP), which will provide mortgaged U.S. Treasury Bond, institutional debt, mortgage-backed securities (MBS) and other qualified assets. Banks provide loans for up to one year.</p><p>The Treasury Department's foreign exchange stabilization fund will provide up to $25 billion in support of the Federal Reserve's lending program.</p><p>In this regard, Griffin believes that,<b>Financial discipline in the United States has been lost because the government has stepped in to support depositors</b>。 He pointed out that the U.S. economy is \"resilient\" and could have used Silicon Valley Bank to teach banks a lesson without the intervention of the Federal Reserve, and U.S. taxpayers were not obliged to rescue institutional investors. He said:</p><p>\"This would have been a good lesson for the moral hazard dimension of banks.<b>The losses of depositors are negligible, and the Silicon Valley Bank incident can make people more aware of the importance of risk management.</b></p><p>The United States has achieved full employment, credit losses are minimal, and bank balance sheets are at their strongest in history. We can use this to solve the risk management problems that banks now have. \"</p><p>But Bill Ackman, the legendary fund manager and founder of Pershing Square, has a completely opposite attitude to Griffin's. He believes that once Silicon Valley Bank fails, more banks will face runs and bankruptcies, and dominoes will fall one after another. Therefore, the U.S. government must take action.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230314084511841929f3&s=b\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7f381aef14bec258d30efe1f6a1f2b9c","relate_stocks":{"LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4211":"区域性银行","BK4589":"SVB概念","LU1861217088.USD":"贝莱德金融科技A2","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230314084511841929f3&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2319048274","content_text":"Citadel掌门人认为,储户们的损失微不足道,美国政府本不需托底,硅谷银行一事可让银行明白风险管理的重要性,而现在美国的金融纪律已经丧失。硅谷银行危机逐渐发酵,美国政府48小时“紧急救援”,但有投资者似乎对此并不买帐。3月13日,去年狂赚160亿美元的对冲基金“新王”,Citadel掌门人肯·格里芬(Ken Griffin)在接受媒体采访时,对美联储就硅谷银行的帐买单一事表示,现在人们正眼睁睁看着美国资本主义崩塌,美国的金融纪律已经不复存在。此前,硅谷银行一夜间资不抵债,美联储紧急出手救市,宣布推出一项名为银行定期融资计划(BTFP) 的紧急融资工具,将向抵押美国国债、机构债务、抵押贷款支持证券 (MBS) 和其他合格资产的银行提供最长一年的贷款。财政部的外汇稳定基金将为美联储的贷款计划提供至多250亿美元的支持。对此,格里芬认为,因为政府出手为储户托底,美国的金融纪律已经丧失。他指出,美国经济“韧性强”,本可借助硅谷银行一事给银行一个教训,并不需要美联储介入,美国纳税人也没有义务救助机构投资者。他说:“这本来会是一个针对银行道德风险层面的一个很好的教训。储户们的损失微不足道,硅谷银行一事可以使人们更加明白风险管理的重要性。美国已经实现了充分就业,信贷损失极小,银行资产负债表处于历史最强劲的状态。我们可以借助此事解决银行现在存在的风险管理的问题。 ”但传奇基金经理、潘兴广场创始人比尔·阿克曼(Bill Ackman)的态度却与格里芬截然相反,他认为,硅谷银行一旦倒闭,将有更多的银行面临挤兑和倒闭,届时多米诺骨牌会接连倒下,因此,美国政府必须出手。","news_type":1,"symbols_score_info":{"SIVB":0.9}},"isVote":1,"tweetType":1,"viewCount":1637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9949588907,"gmtCreate":1678755217909,"gmtModify":1678759173717,"author":{"id":"3575441929238336","authorId":"3575441929238336","name":"瑶胖胖爱做多","avatar":"https://community-static.tradeup.com/news/aaf944ea65f68d421567c6110b06041b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575441929238336","idStr":"3575441929238336"},"themes":[],"htmlText":" gu","listText":" gu","text":"gu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949588907","repostId":"2319048274","repostType":4,"repost":{"id":"2319048274","kind":"news","pubTimestamp":1678754567,"share":"https://ttm.financial/m/news/2319048274?lang=en_US&edition=fundamental","pubTime":"2023-03-14 08:42","market":"us","language":"zh","title":"The new king of hedge funds on Silicon Valley Bank bailout: American-style capitalism is collapsing before our eyes","url":"https://stock-news.laohu8.com/highlight/detail?id=2319048274","media":"华尔街见闻","summary":"硅谷银行危机逐渐发酵,美国政府48小时“紧急救援”,但有投资者似乎对此并不买帐。3月13日,去年狂赚160亿美元的对冲基金“新王”,Citadel掌门人肯·格里芬在接受媒体采访时,对美联储就硅谷银行的帐买单一事表示,现在人们正眼睁睁看着美国资本主义崩塌,美国的金融纪律已经不复存在。他指出,美国经济“韧性强”,本可借助硅谷银行一事给银行一个教训,并不需要美联储介入,美国纳税人也没有义务救助机构投资者。","content":"<p><html><head></head><body>The head of the Citadel believes that the losses of depositors are negligible, and the U.S. government does not need to support it. The Silicon Valley Bank incident can make banks understand the importance of risk management, and now U.S. financial discipline has been lost.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The crisis gradually fermented, and the U.S. government made a 48-hour \"emergency rescue\", but some investors didn't seem to buy it.</p><p>On March 13, Ken Griffin, the head of Citadel, the \"new king\" of hedge funds who earned $16 billion last year, told the Federal Reserve in an interview with the media that now people are watching American capitalism collapse, and American financial discipline no longer exists.</p><p>Previously, Silicon Valley Bank became insolvent overnight, and the Federal Reserve made an emergency rescue, announcing the launch of an emergency financing tool called the Bank Term Financing Program (BTFP), which will provide mortgaged U.S. Treasury Bond, institutional debt, mortgage-backed securities (MBS) and other qualified assets. Banks provide loans for up to one year.</p><p>The Treasury Department's foreign exchange stabilization fund will provide up to $25 billion in support of the Federal Reserve's lending program.</p><p>In this regard, Griffin believes that,<b>Financial discipline in the United States has been lost because the government has stepped in to support depositors</b>。 He pointed out that the U.S. economy is \"resilient\" and could have used Silicon Valley Bank to teach banks a lesson without the intervention of the Federal Reserve, and U.S. taxpayers were not obliged to rescue institutional investors. He said:</p><p>\"This would have been a good lesson for the moral hazard dimension of banks.<b>The losses of depositors are negligible, and the Silicon Valley Bank incident can make people more aware of the importance of risk management.</b></p><p>The United States has achieved full employment, credit losses are minimal, and bank balance sheets are at their strongest in history. We can use this to solve the risk management problems that banks now have. \"</p><p>But Bill Ackman, the legendary fund manager and founder of Pershing Square, has a completely opposite attitude to Griffin's. He believes that once Silicon Valley Bank fails, more banks will face runs and bankruptcies, and dominoes will fall one after another. Therefore, the U.S. government must take action.</p><p></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The new king of hedge funds on Silicon Valley Bank bailout: American-style capitalism is collapsing before our eyes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe new king of hedge funds on Silicon Valley Bank bailout: American-style capitalism is collapsing before our eyes\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2023-03-14 08:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The head of the Citadel believes that the losses of depositors are negligible, and the U.S. government does not need to support it. The Silicon Valley Bank incident can make banks understand the importance of risk management, and now U.S. financial discipline has been lost.<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The crisis gradually fermented, and the U.S. government made a 48-hour \"emergency rescue\", but some investors didn't seem to buy it.</p><p>On March 13, Ken Griffin, the head of Citadel, the \"new king\" of hedge funds who earned $16 billion last year, told the Federal Reserve in an interview with the media that now people are watching American capitalism collapse, and American financial discipline no longer exists.</p><p>Previously, Silicon Valley Bank became insolvent overnight, and the Federal Reserve made an emergency rescue, announcing the launch of an emergency financing tool called the Bank Term Financing Program (BTFP), which will provide mortgaged U.S. Treasury Bond, institutional debt, mortgage-backed securities (MBS) and other qualified assets. Banks provide loans for up to one year.</p><p>The Treasury Department's foreign exchange stabilization fund will provide up to $25 billion in support of the Federal Reserve's lending program.</p><p>In this regard, Griffin believes that,<b>Financial discipline in the United States has been lost because the government has stepped in to support depositors</b>。 He pointed out that the U.S. economy is \"resilient\" and could have used Silicon Valley Bank to teach banks a lesson without the intervention of the Federal Reserve, and U.S. taxpayers were not obliged to rescue institutional investors. He said:</p><p>\"This would have been a good lesson for the moral hazard dimension of banks.<b>The losses of depositors are negligible, and the Silicon Valley Bank incident can make people more aware of the importance of risk management.</b></p><p>The United States has achieved full employment, credit losses are minimal, and bank balance sheets are at their strongest in history. We can use this to solve the risk management problems that banks now have. \"</p><p>But Bill Ackman, the legendary fund manager and founder of Pershing Square, has a completely opposite attitude to Griffin's. He believes that once Silicon Valley Bank fails, more banks will face runs and bankruptcies, and dominoes will fall one after another. Therefore, the U.S. government must take action.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source:<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230314084511841929f3&s=b\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7f381aef14bec258d30efe1f6a1f2b9c","relate_stocks":{"LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","BK4211":"区域性银行","BK4589":"SVB概念","LU1861217088.USD":"贝莱德金融科技A2","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20230314084511841929f3&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2319048274","content_text":"Citadel掌门人认为,储户们的损失微不足道,美国政府本不需托底,硅谷银行一事可让银行明白风险管理的重要性,而现在美国的金融纪律已经丧失。硅谷银行危机逐渐发酵,美国政府48小时“紧急救援”,但有投资者似乎对此并不买帐。3月13日,去年狂赚160亿美元的对冲基金“新王”,Citadel掌门人肯·格里芬(Ken Griffin)在接受媒体采访时,对美联储就硅谷银行的帐买单一事表示,现在人们正眼睁睁看着美国资本主义崩塌,美国的金融纪律已经不复存在。此前,硅谷银行一夜间资不抵债,美联储紧急出手救市,宣布推出一项名为银行定期融资计划(BTFP) 的紧急融资工具,将向抵押美国国债、机构债务、抵押贷款支持证券 (MBS) 和其他合格资产的银行提供最长一年的贷款。财政部的外汇稳定基金将为美联储的贷款计划提供至多250亿美元的支持。对此,格里芬认为,因为政府出手为储户托底,美国的金融纪律已经丧失。他指出,美国经济“韧性强”,本可借助硅谷银行一事给银行一个教训,并不需要美联储介入,美国纳税人也没有义务救助机构投资者。他说:“这本来会是一个针对银行道德风险层面的一个很好的教训。储户们的损失微不足道,硅谷银行一事可以使人们更加明白风险管理的重要性。美国已经实现了充分就业,信贷损失极小,银行资产负债表处于历史最强劲的状态。我们可以借助此事解决银行现在存在的风险管理的问题。 ”但传奇基金经理、潘兴广场创始人比尔·阿克曼(Bill Ackman)的态度却与格里芬截然相反,他认为,硅谷银行一旦倒闭,将有更多的银行面临挤兑和倒闭,届时多米诺骨牌会接连倒下,因此,美国政府必须出手。","news_type":1,"symbols_score_info":{"SIVB":0.9}},"isVote":1,"tweetType":1,"viewCount":1637,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}