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…

Join The Currency

SPECIAL OFFER.

€1 for 1 month

The Currency has turned 3 – and we are celebrating with a special offer.

Get full access to 3,700 interviews, investigations, columns, features and columns for the first month for just €1.

Or sign up for an annual membership at the reduced price of €200.

Cancel at any time.

To become a member today click here.