I thought this was particularly damning.
"The failure to report the 2002 allegations would appear to break Penn State's own reporting methods for sexual abuse on campus," wrote Rep. Patrick Meehan, R-Pa., in a letter to Duncan. "Had the 2002 allegations been properly reported, investigated and disclosed, the later instances of abuse could have been prevented and future victims protected."
http://m.espn.go.com/ncf/story?storyId=7209890
Apparently protocol was not followed. It's not the job of administrators, football coaches, etc to decide if a claim is true or not. That's the job of the police. It protects further victims and doesn't "ruin" lives or careers if their are no victims. To an outsider, this looks like a group trying to protect a football program at the expense of young boys. Luckily the trustees of Penn State are ready to make sure that never happens again.