1script - 3:31 am on May 5, 2013 (gmt 0)
If I understand what you are saying correctly, you consider this version safe
The difference is in the code. The exact match or keyword rich anchor text is the html code added after the html for just the bare url.
old school links parsing most common on forums and blogs
and consider this version over-optimized Penguin bait:
this is how you'd do it manually
<a href="http://www.example.com/blog/blue-widgets-in-the-morning/">Blue widgets in the morning</a>
Do we know this much about the way G parses text to say that it's safe? What about services such as WP.com reblog, FB, Pinterest and I'm sure many others that send a crawler, read the linked page's title and automatically insert its title as the link's anchor text? Essentially converting the first version into the second without your input (or even consent in most cases).