Simsi - 3:39 pm on Aug 18, 2010 (gmt 0)
Why would Google penalise you for linking to a banned site if the link was in place prior to the ban? That doesn't seem at all logical. When BMW got banned, did that mean every site linking to them got penalised?
Also, just because a site is banned by Google doesn't mean that the information on it is not useful or unimportant. It might just mean they did something bad SEO-wise, hardly a reason to penalise everyone else IMO.