Feb. 16, 2012 - Feb. 16 (Bloomberg) -- Frederic Oudea, chief executive officer of Societe Generale SA, says the start of 2012 is better than expected due to the European Central Bank's long-term refinancing operations. France's second-largest bank said fourth-quarter profit declined 89 percent as the investment bank posted a loss. Linzie Janis and Owen Thomas report on Bloomberg Television's "Countdown." (Source: Bloomberg) (Bloomberg)