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TMZ Live 7/12/12: Joe Paterno ... NAILED by Investigators

Investigators dropped the hammer on Joe Paterno and a handful of Penn State honchos for covering up the Jerry Sandusky scandal -- but will there be any repercussions? There could be one HUGE punishment ... we'll discuss. Plus, Kim Kardashian, come get some! MMA champ Ronda Rousey thinks KK is a horrible role model for little girls ... and she's willing to fight about it. And Steven Tyler steals J.Lo's thunder by quitting "American Idol" -- does this mean more $$$ for her, or a sure sign she's pulling out too? We've got a theory and we know the one person who's unfazed by the falling dominoes.

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