In 1992, President Bush went a step further when he signed The Cuban Democracy Act into law. The Cuban Democracy Act prohibits any subsidiary of a U.S. parent corporation from doing business with Cuba. The barbudos are still in power and these measures are still in force today. At present, Cuba is undergoing a severe economic crisis. I write from the point of a view of a claimant, a person or entity who has a claim against the government of Cuba because his property was expropriated by the Revolution.
Repossession has a mystical and nostalgic appeal for many claimants who are Cuban exiles.
On one hand, no amount of money would compensate the exiles for their losses. Their personal identity and family history are intertwined with their homes in Cuba. There must be a kernel of truth in this argument. The mere thought of repossession must send chills up the spines of the millions of Cubans who are living in houses and farms once owned by the exiles. Unfortunately, the sad truth is that repossession on a large scale is unworkable and too risky.