Does Blackmail Promote Investor Confidence?

Thursday, July 23, 2009
The Castro regime has resorted to a new strategy in seeking to restore minimal investor confidence.
 
The strategy is called blackmail.  
 
After foreign businesses halted transactions with the Castro regime due to having their foreign business accounts frozen in Cuba's banks, and non-payment of outstanding invoices since January 2009, the Cuban Central Bank has now authorized the release of some funds, according to Reuters.
 
However, there is a caveat:
 
For the foreign businesses to have renewed access to their frozen accounts, even if only partial, they must continue to do business with the Castro regime.
 
If not, they can pack their bags, and leave the island, but the regime keeps their money.
 
There are some 600 foreign business accounts, with frozen funds estimated at $600 million to $1 billion, at stake.
 
Think they regret that decision?