Is Italy's Economy Too Big to Fail, but Too Big to Bail Out?

Greece at least appears to be getting its economic act together, but Berlusconi's Italy is another matter. We hear about the billionaire Prime Minister who's promising to resign, and what Italy's potential bankruptcy could mean for the rest of the world. Also, rioting after Penn's Paterno ouster, and Republican presidential candidate Rick Perry's latest gaffe.

Banner image: (L-R) Greek Prime Minister George Papandreou who formally stepped down on November 9, 2011 and Italian Prime Minister Silvio Berlusconi who on November 8, 2011 announced that he will resign this month. Photo by Aris Messinis/AFP/Getty Images