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On the hook.
If someone is on the hook, they are responsible for something.
Exact(58)
And who would be on the hook?
Taxpayers would still be on the hook.
But wouldn't its shareholders be on the hook?
The F.D.I.C. will be on the hook for the rest.
After that, State Street would be on the hook.
Like its previous loans, JPMorgan won't be on the hook for the entire facility for long.
The debt would still be owed, and taxpayers would still be on the hook.
If the original borrowers fail to repay, the government will be on the hook.
If they blow it and overdraw, then they should be on the hook for the fees.
The deficit-ridden state would suddenly be on the hook for the entire $9.9 billion.
So if a default were to occur, some banks here would be on the hook.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com