July 17, 2019
News

Vulture fund victim slept in a jeep in Kilkenny TD John McGuinness’ back yard

OUTSPOKEN Kilkenny TD John McGuinness has told how he allowed an elderly farmer to sleep in a jeep in his yard for a number of days because his home was being repossessed.

Deputy McGuinness, who has regularly criticised banks for selling distressed loans to vulture funds, revealed the man called to him looking for help in a desperate state.

The Fianna Fáil told KilkennyNow.ie: “I didn’t know him from Adam, he came to me because he needed help and he ended up staying in his jeep in my yard for a couple of days.

“He was afraid. The poor man had no money and he didn’t know where to turn to.”

Deputy McGuinness said the farmer had been treated very badly by a vulture fund, but said he hasn’t heard from him since he stayed on his property last year.

The Kilkenny TD was speaking after the Irish farmers’ Association (IFA) last week staged a protest urging AIB to halt its decision to sell non-performing loans to vulture funds.

In an interview with KilkennyNow.ie earlier this year, Deputy McGuinness – who is the Chair of the Oireachtas Finance Committee – accused the Government of following a European Central Bank (ECB) agenda that favours the sale of distressed mortgages to vulture funds.

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