Beside issues with Bell inequalities, there are more problems with such view, like Hardy's paradox: https://en.wikipedia.org/wiki/Hardy%27s_paradox
Here is a nice diagram from Pawel Blasiak slides ( https://www.dropbox.com/s/jd7fixmpbyqb6 ... 8PB%29.pdf ):

You need to choose A_a and B_b functions of hidden variable lambda, such that |11> on 'z' is forbidden, but all other possibilities have nonzero probability - how to do it?
Observe that this paradox does not work in time-symmetric view like TSVF ( https://en.wikipedia.org/wiki/Two-state ... _formalism ): e.g. hidden local variables can come from both time directions to provide required dependence on the choice of second measurement.




