Should banks drop their rates?

Do you agree with Wayne Swan's claim that banks should be passing on the full benefits of recent interest rate cuts?

The Treasurer has accused lending institutions of depriving customers of relief from the economic crisis. He reckons that matching the RBA's rate reductions would help pull Australia out of recession. Would deeper cuts really be that effective?

Leading banks are making $450 a year more now on each average mortgage than two years ago, before the start of the global financial crisis, according to figures from The Australian.

Are banks being stingy or sensible in stubbornly sticking to higher rates?

And where do your loyalties lie in this debate if you work for a bank? Do you want your employer to make as much money as it can? Or are you more worried about your own mortgage? Let us know below.