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Business is improving for GM, but that's cold comfort for the Treasury Department, given GM's...

Business is improving for GM, but that's cold comfort for the Treasury Department, given GM's current share price of $20.70 is 61% below the $53/share needed for the Treasury to breakeven on its bailout investment. Moreover, GM shares would have to rise to $30 for the Treasury to be comfortable issuing a secondary offering; and in a Catch-22, investors are hesitant to buy ahead of a potential Treasury sale.
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