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Fires lit by rioters smoldered here today in this South Pacific capital as the military surrounded the Parliament building, where insurgents were holding government leaders hostage.
When the financial stock meltdown started, I was on a television show with Peter Schiff of Euro Pacific Capital, who warned that Merrill Lynch could be in very bad shape.
"People who own U.S. assets, whether real estate, stocks or U.S. Treasurys, are going to lose substantial wealth in the next five to ten years," says Peter Schiff, president of Connecticut's Euro Pacific Capital.
Subsequently his investment firm, Pacific Capital, was a low- profile player in Beverly Hills.
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James E. Manley, founder of Atlantic-Pacific Capital, a boutique investment bank in Greenwich, Conn., said he never forgot his dream of being a rancher, even though he made his fortune in finance.
"It's not as if there's a bubble in Des Moines, Iowa," says Peter Schiff Peter Schiff, a financial adviser for Euro-Pacific Capital and a persistent critic of the Fed chairman.
Meanwhile, Pacific Capital is having trouble with a private capital raise.
The Cuomo campaign also lists contributions Mr. McCall received from executives of Pacific Capital Group, a venture capital fund, as contributions from Global Crossing.
Its Web site states that capital was raised from Gary Winnick's merchant bank, the Pacific Capital Group, as well as the Trust Company of the West and Softbank of Japan, among other sources.
The round was reportedly led by Passport, with participation from a passel of others: PCG Clean Energy & Technology Fund, Khosla Ventures, Blue Mountain Venture Capital, Leaf Clean Energy, Pacific Capital Group, Morgan Stanley, and possibly some unlisted investors.
Yet to Peter Schiff, president of Euro Pacific Capital, that does not mean you should park your investment capital like a klutz in money market funds earning 1.5%.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com