“Are taxpayers and retirees willing to give billions of dollars to financial firms in exchange for the potentially false perception of financial stability? … Bob Maynard, the chief investment officer of Idaho’s public pension system, admitted in 2015 … 'we’re happy if it gives public market returns, anything extra, because of its effect having some smoothing of the risk as seen by the accountants and actuaries.' He added: 'It may be phony happiness, but we just want to think we are happy.' …”