Daybreak: Exit Strategies Explored

• U.S. and Egyptian officials are discussing scenarios in which President Hosni Mubarak would leave and Vice President Omar Suleiman would begin implementing reforms, even as Mubarak remains defiant. [NYT]

• Speaking of defiant: Despite the violent crackdown of the past couple of days, more than 100,000 were back in Tahrir Square on day 11 of the revolts. [NYT]

• JPMorgan Chase had their doubts about Bernard Madoff more than a year before the investment manager’s Ponzi scheme was revealed, but it continued to do business with him and did not tell regulators. [NYT]

• Israel prepares for a major strategic and diplomatic realignment. [WP]

• Nobody is happier about the apparent U.S. ineffectuality in easing Mubarak out than countries that didn’t like us much to begin with. [WSJ]

• Mayor Bloomberg confirmed that he is indeed engaged in a lifelong love affair … with himself. [WSJ]