I understand that LOIC doesn't directly relate to criminal activities/law enforcement, but I do believe LOIC discusses ethical standards at an academic/athletic institution.
You're kind of getting the NCAA enforcement process backwards. It's not that there was a lack of institutional control, and all of these violations resulted. It's, there were all of these violations, therefore a lack of institutional control. Specific rule violations are the wellspring of NCAA enforcement. NCAA schools unfortunately enable serial criminals all the time (See Florida State and Baylor for two recent examples). It's never an NCAA issue.
Jerry Sandusky's crimes are about as horrifying as they come, and that people in positions of power, not just sports radio caller meatballs, are still trying to defend against the institutional failures that took place is a very dark look at the intersection of sports and human psychology. I think the Penn State brand is only beginning to be tarnished, based on the actions of their leaders here and now, not just what happened in the past.
But as a fan of college sports and a fan of due process, I cannot in good conscience support the NCAA being allowed to be a roving morality police, totally unmoored from any defined jurisdiction. That would feel good for this specific issue, but would be bad for everybody in the end.