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you lost me a bit here but here are my 2c
I submitted to link lists for about a year from 4-5 domains on different ips, none of these domains got any SE traffic at all !!!! so basically adding sites to LLs didn't help me with the SEs. On the other hand some of the link lists themselves have some really good Google listings and I got some good traffic from them and made some $$$ too
as for getting linked from bad sites most probably Google simply ignores these links rather than punishing you, otherwise everybody can easily bump off a competitor or two by spamming their links to forums, guestbooks etc
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