Paterno stated the he didn't do enough; he knew!!
Paterno stated that “WITH THE BENEFIT OF HINDSIGHT” he wishes he had done more. This does not strike me as an admission of guilt but rather a statement of fact. It simply states that if he knew what a monster Sandusky was he would have done everything he can. I am sure those who suspected Jeffrey Dahmer was up to something feel the same way, especially the cops who initially let him go.
If Paterno did know, then he deserves everything that’s been thrown at him. I will reserve judgment on this point because a) he says he didn’t know and b) there has not been any evidence presented yet to say that he did know. It’s a simple matter of not convicting anybody, legally or morally, without evidence.