Alpert Says European Banks `Extremely' Undercapitalized
Dec. 21, 2011
Dec. 21 (Bloomberg) -- Daniel Alpert, managing partner at Westwood Capital LLC, talks about the European Central Bank's loans to euro-area banks.
The ECB awarded 489 billion euros ($645 billion) in 1,134-day loans today, the most ever in a single operation. Alpert speaks with Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)