Normans Creamy Conch Chowder with Saffron and Toasted Coconut

Name: Norman's Creamy Conch Chowder with Saffron and Toasted Coconut
Ingredients: 1/4 pound bacon, diced; 1/2 cup olive oil; 2 jalapenos, seeded and diced; 1 large yellow onion, diced; 1/2 bunch celery, diced; 1 green pepper, diced; 1 yellow pepper diced; 2 banana peppers, diced; 1 tablespoon crushed red pepper; 10 small, new potatoes, diced; 1 quart peeled plum tomatoes, crushed; 1 quart tomato puree; 3 bay leaves; 1 bunch fresh thyme; 1 bunch fresh oregano; 1 bunch fresh marjoram; 1 bunch fresh basil; 2 quarts fish stock; 2 cups clam juice; 1 quart heavy cream; 2 1/2 pounds cleaned and ground conch meat; 2 pinches of saffron; Salt and pepper; 1 cup toasted coconut; 2 tablespoons chopped chives; Tabasco sauce