The Lexington Herald Leader put together a story on Kentucky Retirement Systems that quotes two people who both said everything is just fine with their investment decisions, including both using the word "conservative" to describe the investment philosophy of the money that is supposed to fund public employee retirements.
"State Treasurer Todd Hollenbach, whose office monitors the more than $3 billion worth of funds the state's government has invested, said Kentucky does "hold a little bit of Lehman bonds.""
""But we're getting the payments on them, and we're not concerned about the situation," he said."
"Overall, the state's money has been "wisely and conservatively" invested, mostly in bonds, he said."
You mean they couldn't find anyone who disagreed with that rosy assessment?