Webzcas wrote:
Yep you have pretty much. 
If that was the case I would be busy submitting links to everyones sites with bad neighbourhood or even better banned sites :rasta:
Good point!
Who you link to can however effect your rankings. If you link to a site penalised by a search engine, ( ie banned etc etc ) this could effect your site rankings.
Another good point – time to re-evaluate!