CNBC’s Michelle Caruso-Cabrera was in the Cuba this week covering the Papal visit to the island. She did a story that was long overdue: starting a discussion about settling the multi-billion dollars worth of claims by American citizens against the Communist country.
Resolving certified and uncertified claims against the Cuban government is the third rail of U.S.-Cuba policy, no one wants to talk about it because it is very controversial. Tough decisions will need to be made. And when was the last time a modern day politician wanted to make a tough decision?
In theory, normalization of relations with Cuba hinges, in part, to the successful resolution of these claims. Cuba illegally stole property, businesses, and much more from U.S. citizens and Cubans. It never paid any compensation for any of it.
There is a lot more to this matter but, for now, the CNBC story is a good start to what we hope will be a larger discussion about this issue in Congress and the Obama Administration.
Follow this link for the video: CNBC Cuba Property Claims Story.