Before last Saturday, the last time Dermot Desmond felt compelled to write an opinion editorial in The Irish Times was September 16, 2009. Over 2,000 words, the financier argued that the National Asset Management Agency, as envisaged by the state, would create a vast monster that would break our banks and slow any recovery. “Nama as conceived will do untold long-term damage to Ireland Inc,” he wrote. “It will result in paralysis for decades to come.” The banks, he argued should, be allowed work through their delinquent loans themselves – with a government guarantee of funding – rather than creating…

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