The Libor - interest rates scandal is only one in a long list of documented manipulations in the last 5-10 years

ISDAfix - swaps

Platts - oil prices

WM/Reuters - FX

High-Frequency Trading - equities

Commodities - Gold, Silver Stock indices

Are all rigged. With that history, how can we give that new system the benefit of a doubt. It will be gamed as well.