Because the institution didn't molest little boys or cover up for that, the people did.
Cars are fantastic things, incredibly useful and have been a cornerstone of society as we know it. But when somebody gets drunk and gets behind the wheel of one, it can turn into a murder weapon.
Universities and football programs have had a fantastic impact on society. The results of American universities speak for themselves, and football programs are responsible for bringing people together, lifting 18 year old kids out of poverty, providing an outlet for the rest of us, and countless other goods. This is the result of a drunk person, so to speak, getting behind the wheel of an institution.
I've never bought into punishing institutions, I've always bought into punishing the people who actually commit crimes.
SMU's death penalty wound up harming thousands of people and having an impact probably in the hundreds of millions of dollars, almost entirely on people who had absolutely nothing whatsoever to do with the infractions.
The people guilty for what happened are already dead, in jail or are about to lose the rest of their lives through criminal and civil action. Just like how Sandusky ruined the lives of those kids. That sounds like justice served to me.
Anything above and beyond that, specifically by the NCAA, will hurt holders of Penn State diplomas. It will hurt Penn State athletes. It will hurt Penn State students. It will hurt the rest of the Big Ten. It could possibly wreck the economy in central Pennsylvania.
But you know who it won't touch? Actions by the NCAA at this point won't touch ONE DAMNED PERSON who was complicit in any way in Sandusky's actions.
You can be damned sure this whole episode is yet another swift kick in the gonads to society about rethinking how we view institutions, but responding by burning one to the ground, specifically one that is the very lifeblood of its area, is reckless, it's irresponsible and it's outright stupid.