according to a report, a grad yat assistant told paterno he saw sandusky assaulting a boy who looked about 10 years old in 200 2. i think joe blew it. you see a situation like that. it s not about going to tell your higher up. former player, shocked and disappointed. i put a lot of pride in my school. and coaching staff, so for this to go op on, it s heartbreaking. guys like joe paterno are treated like gods. when we find out differently, he wanted one more saturday, he didn t even deserve that. joining me now, nfl hall of famer and ron mott on the penn state campus. what s the mood like now? dra matly different.
sensitive equipment and illegal immigration in the center of arizona history. you re in the situation room. captions by vitac www.vitac.com we begin with the breaking news. political and financial chaos within the european union, sending fresh shock waves through wall street and world financial markets. stocks plunging in new york today on all three indices with the dow tumbling about 400 points amid a growing debt crisis in italy. and the third largest in europe. let s bring in our own financial expert, cnn s erin burnett, the host of erin burnett outfront. the markets taking a major tumble today because of what s happening in italy, is that right? that really is the reason why. europe continuing to not dealing with its problems. right around 388 points to the downside as the final trades come in. what s happening in europe is causing all kinds of problems. general motors came out and said we can t even put out forecasts for what we re going to do in europe and as