i hear that steve mnuchin could be part of the -- liz: former treasury secretary under president donaldthat's it, he could be part of the club deal i understand by sources close to the matter. his name, he is definitely showed from what i understand some interest. whether he does it or not i can't tell you. i put two calls into him. one to his long-time personal pr guy, tony sayeg who i believe worked with him at treasury. i put a call, his pr guy at liberty strategic. neither have gotten back at me. they got my emails. i know this. liz: this backdrop there are no bidders even after days and days for first republic. >> nobody will bid on this i'm told you without a government backstop. you can't value the loan portfolio. they lent out to vcs, commercial real estate under water. that is happening now. the vc community particularly tech taken a hit. commercial real estate has taken a hit. liz: vornado one of the laggards. >> how do you value something, how do you sell it? they need to stablize, fix the business model. do it sooner rather than later. that's the plan. they're looking for pe

. >> steve mnuchin looked at it.understand goldman sachs looked at it. the goldman one is interesting. they're saying they're exiting from retail banking, right? getting out of the marcus online retail banking effort started in with lloyd blankfein, expanded under david salomon. liz: big loser. >> windings that down. i understand they looked at the books. does that mean they want to buy the whole thing? i doubt it. do they want to buy a piece of it? the loans? if it doesn't sell it could go under. if it goes into receivership the loans are sold in the secondary market. will goldman look at it for its own trading purposes. liz: do i clarify, first republic has to be sold, cannot stand on its own? >> it will be difficult. this gets back to the premise of the story if you look at assets and liabilities, it has many more liabilities than assets. its loan book is way underwater. its assets, for example, of treasurys and loans to the rich guys, you saw all people borrow from it at very favorable rates, those loans, the thi