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dropping out of sight. im wolf blitzer. youre in "the situation room." we begin with todays damming new report on penn states universitys cover-up of coach jerry sanduskys sexual attacks on young boys. it says the top people at the university including the legendary football coach, joe paterno, hid what they knew and had no regard for the young victims. just now university officials are promising it will never, never happen again. >> you should know that our hearts remain heavy. and ...

led up to this ipo, this public offering for facebook, many people may step out and say, wait a minute, look where the stock is ending today. the stock ending only up about a fraction of a percent just above that initial ipo offer price of $38. look, many would say it was a messy debut plagued by technical difficulties and not as much demand as everybody thought. we then saw other social media stocks tumble as well in sympathy for facebook. which everybody thought would really pop at t...