Quote: "It's just been reported that Obama is steering GM into Bankruptcy as early as next week, whether the bondholders get a deal or not."

Now they're saying they won't.

"WASHINGTON [[Reuters) - The Obama administration has no plans to push General Motors Corp into bankruptcy next week and the outcome of the automaker's restructuring efforts may not be known until a June 1 deadline, a source familiar with the situation said early on Friday."

http://finance.yahoo.com/news/US-to-...&asset=&ccode=