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Transcripts For CNNW CNN Newsroom 20120622

one town being described as an island. we ll talk with the mayor of duluth straight ahead. sandusky bombshell. an adopted son of the penn state coach claims he too was molested by his father, and he s offering to testify. will new charges be filed? we re live at the courthouse. plus oh, my god. you re so fat. karen, you re fat. southwest airlines reached out to us today. they d like to send you and nine people to disneyland in california. you ve got to be kidding me. the bullies who taunted and teased karen klein humbled today after the jokers fess up and say we re sorry. karen is stunned by all the support. happy friday. newsroom begins right now. good morning to you. i m carol costello. we begin this morning with your money. less than 30 minutes from now, wall street tries to rebound from a double whammy. one of its worst days in months. major american banks slammed by ratings agency moody s. bank of america, goldman sachs, jp morgan chase, morgan stanley,

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