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about how his client plans to fight charges against him. before we do that, we want to run through the evidence, and there's an luflt of it suggesting so many people so early on knew so much about such revolting allegations, it seemingly did little about it. tonight joe paterno is out and university president is out. last night a lot of students did venting about that oampus caing for paterno to play one last game in weekend. overturning a tv truck, chanting one more game and university cheer we are penn state. for the past few days, a lot of people are asking what is penn state? ove...

jerry sandusky who is charged with child molestation. >> effective immediately, joe paterno is no longer the head football coach. effective immediately. >> that means paterno won't coach the final home game against nebraska. paterno accepts the board's decision but adds, quote, it is going to take some time to get used to. overnig we are going live to penn state. when tom bradley speaks. take a look at those live pictures. greece has a new interm prime minister to avoid an economic collapse. lucas pkcas papademos. . in eastern turkey, rescuers are digging through piles of rubble ...

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 tak...

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