Bank Shuts Down Bridge Access as Waterford City Goes Into Receivership


THOUSANDS of Waterford residents were left homeless this morning after receivers for the Allied Irish Bank group stepped in to take control shutting down Rice bridge, the main access to the city.

In a bitter irony, the bank has appointed Kilkenny consultants Jeremy Healy and sons as receivers to the oldest city in Ireland.

So far a large exodus of homeless families have been streaming out via bank sponsored JJ.Kavanagh buses since 8am this morning.

“We don’t know where to go really. I have a sister in Clonmel but I can’t get through to her as the bank switched off the local mobile phone mast in Ballybricken.” said mother of seventeen young children Maureen Grace.

Surprisingly tensions were kept at a minimum among the evictee’s as over 200 state sheriffs, flanked by Gardai, changed the locks on some 20,000 homes and businesses this morning.

“The Waterford people are complacent enough.” said Sup Int Terrence Bottler. “If this was Limerick now there’d be trouble alright.”

Late last night Justice Brian McGovern appointed liquidators in the High Court to take immediate control of Waterford city, and ordered Gardai to bate the faces off people if necessary.

Long time city resident Mark Power told WWN that he and his family will probably emigrate to the Aran Islands following today’s eviction and said that he doesn’t hold any resentment for the banks.

“Sure, that’s what happens when we don’t pay our household charges and what have you. They’re only doing their job.”

Meanwhile, Environment Minister Phil Hogan confirmed earlier that Waterford will lose its city status, and plans for a ‘Kilkenny merger’ are already under-way.

“I don’t think it will make much difference, sure half of the city – sorry town – is Kilkenny anyway.” he added.