Tim Shaffer / Reuters

Penn State University football coach Joe Paterno walks to his residence after speaking to a group of students rallying outside it in State College, Pennsylvania.

“This is a tragedy. It is one of the great sorrows of my life. With the benefit of hindsight, I wish I had done more.”

— JOE PATERNO, Penn State football coach, apologizing for his lack of action after hearing about an alleged sexual assault of a 10-year-old boy by his former defensive coordinator, Jerry Sandusky; Paterno announced he would retire at the end of the season (via CNBC)

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