Bankrupt San Bernardino Hires Twice-Bankrupt Manager

On the theory, perhaps, that it takes one to run one, the bankrupt city of San Bernardino, Calif., has hired as its new manager a man who twice has declared personal bankruptcy. Allen J. Parker, 71, hired last week for the $221,000 post, first filed for bankruptcy in 1991, then filed again in 2011, Reuters reports, citing court documents. Court records also show that Parker and his wife, as a condition of discharging their debts, were required to take a course in personal financial...Full Story