good evening. i m erin burnett. out front tonight, a greek collapse. literally. the greek finance minister just hours before he was to be sworn into his new role, it s a crucial role, fainted. it was a depressing visual for a country that is trying with a brand-new government to keep its economy from entering a black hole. the greek leader s collapse kept him from going to the highly anticipated euro 2012 soccer match today. greece took a shellacking from germany. germany was favored to win. the bookies only gave greece 17-2 odds. so the outcome was predictable. sort of like the break-up of the eu. italian prime minister mario monty warned today of the apocalypse. saying there is only one week left to save the euro zone. that s after the leaders of germany, france, spain and italy met today, to once again say we re going to do whatever it takes to strengthen our monetary union. the problem is they talk a lot and they don t do much. they have not done that yet. no one expects
plunge. the dow slid 251 point, today. there s only one other day this year that it has been worse. people are afraid. they re afraid of the blood gushing out of europe s veins. they re afraid of the blood draining out of jobs here in the united states. ultimately, they re most afraid that congress is too cold-blooded to do anything about it. to make a deal that could instill confidence again in the greatest economy on earth. yes, that is, still, by leap, bounds, everything, everybody, the united states of america. instead, by the end of the day, the credit rating agency moody s downgraded america s five biggest banks. specifically blaming fear about stability in the global financial system. that means it s going to cost those banks more to operate. that means they have less money to lend to all the borrowers in this country. about the only person feeling good today, billionaire larry ellison. it s good when you got $36 billion and buying an entire island in hawaii is pocket
prosecution during the trial. now, he was not called to the stand. we re going to get into why in just a minute because that s of course the question everybody wants to know the answer to. first, a bit of background. he went to live with the sanduskies as a foster child. he was later adopted. he had denied ever being abused by sandusky till just this week. as the trial was going on, he apparently approached prosecutors and told them his adopted father did molest him. joining me now live with the latest, national correspondent jason carroll. also cnn con trip tributor sara gannham. why didn t he call him to testify? i think that s a good question. there s a question in term of whether or not his testimony would have been admissible. for one reason, jerry sandusky is not charged with sexually abusing his son. i can tell you this, think of this scenario. let s say, for example, jerry sandusky had taken the witness stand and had said during his testimony, i m a great father, i
just a moment because that s the question everybody wants to know the answer to. matt sandusky is 33 years old now. he went to live with them as a foster child and he was later adopted. he denied ever being abused by sandusky until just this week. as the trial was going on, he apparently approached prosecutors and told them that he was molested. jason, if matt sandusky s claims was known by the prosecution, why didn t they call him to testify? well, i think it s a good question. i think there s a question in terms of whether or not his testimony would have been a admissib admissible, for one reason, jerry sandusky is not charged with sexually abusing his son. i can tell you this. think of this scenario. let s say for example jerry sandusky had taken the witness stand and it said during his testimony i m a great father, i have a great relationship with my children. that, then, would have opened the door for the prosecution to call a rebuttal witness and my sources told me, i
outfront tonight, the plunge. the dow slid 251 point, today. there s only one other day this year that it has been worse. people are afraid. they re afraid of the blood gushing out of europe s veins. they re afraid of the blood draining out of jobs here in the united states. ultimately, they re most afraid that congress is too cold-blooded to do anything about it. to make a deal that could instill confidence again in the greatest economy on earth. yes, that is, still, by leap, bounds, everything, everybody, the united states of america. instead, by the end of the day, the credit rating agency moody s downgraded america s five biggest banks. specifically blaming fear about stability in the global financial system. that means it s going to cost those banks more to operate. that means they have less money to lend to all the borrowers in this country. about the only person feeling good today, billionaire larry ellison. it s good when you got $36 billion and buying an entire isl