GM can still avoid bankruptcy, CEO Rick Wagoner said today, telling reporters in Washington that "99%" of the company’s problems could be fixed and that he was working with the UAW and bondholders to reduce debt and costs. Bankruptcy “could work,” he said, “but it might not work,” and would be expensive. Negotiations are complex and ongoing, he said, adding, “This isn’t just two-handed poker.” (More Rick Wagoner stories.)