mihomes - 8:28 am on Jan 11, 2013 (gmt 0)
This is interesting as it has been one of the things on my 'list' of what 'maybe' happened to one of my sites. All of a sudden my pages drop like crazy and nowhere to be found. Mind you this is an EMD domain and there were updates with those. I read somewhere early on where a user came back from their panda drop by removing footer links to the homepage.
This is a practice that I have always done. Usually in the format of © 'year-year' 'domain name' where domain name is the keywords of the emd as that is the 'title' of the site and of course links to the homepage.
I don't find anything wrong with doing this and it has been common forever and still seems to be, but maybe G doesn't see it that way. What is interesting though is in my niche I see other sites do the same thing, however, they are not an EMD yet link in the same manner with anchor text that has nothing to do with their domain name and is purely keyword based. You would think this is worse than the first case right?