What a joke. Something that doesn't need to be addressed will be looked into. Seriously the looting is fine as it is now and there are more important thing to fix than this right now. Seriously, are you guys are this much of pampered people? Just get the stuff and trade it once the party is done. Passing an item you don't want will require you to pass that item every freaking time it lands in a master loot as in XI if the person you party with doesn't loot on it, and will require the person that want the item in the loot to loot for it every time. Now just get all and trade once it's done. If you want to make the system greedy-proof because some greedo doesn't give stuff at the end, just don't party with the greedos. End of the story.
The only real issue will be later for HNM drops, but this could/can be easily fixed by implanting a company/guild loot system.