I don't mind adjusting my opinion as people introduce ideas I haven't considered. Raid loot makes sense to me because of how widespread the roll rule is. Seeing items in chest makes sense because you would be able to see the item in the chest before it was nabbed. I still believe the owner of an unbound item should decide if it is displayed in party chat.
I'm tired, let the thread die, I think I have what I was looking for. Thanks everyone for your time and input.