Banks have long used the "duck argument" in trying to impose restrictions or taxes on credit unions: if it looks like a duck, walks like a duck, acts like a duck, quacks like a duck, then it must be a duck. But NCUA Chairman Dennis Dollar's fowl response: "Have you ever seen a goose?"
"You might often mistake a goose for a duck," Dollar suggested. "The difference is in the structure. It's not how it looks, walks, acts, or quacks, it's the intrinsic structure that makes a goose different from a duck. And no matter how much a duck may desire otherwise, it's not up to the duck to define a goose."
