U.S. Is Threatened by Creed of Takeover Greed

I wholeheartedly agree with James Flanigan’s assessment (“How Trump-Style Takeovers Hurt America,” Oct. 15).

In AMR (parent of American Airlines), you have by all accounts one of the best managed airline companies in the industry. The company is profiting, upgrading its fleet of aircraft, expanding and, therefore, creating new job opportunities. In steps Donald J. Trump with an unsolicited buyout offer. How could AMR continue in its current direction if $6 billion or $7 billion of debt were added to the balance sheet, especially if the economy goes soft?

Flanigan suggests that Congress should do something. I don’t have much faith in Congress.

I’m afraid we have executive and legislative branches of government that choose to use smoke and mirrors rather than substance to attack the deficit. If they can’t do something about this major crisis, what hope for a solution does a minor problem like greed have?

I often wonder what sort of excuses these fine representatives will offer when the house of cards they’ve constructed finally comes tumbling down.

TED FOURNIER

Redondo Beach