Transcript Excerpts: Cynthia McFadden Interviews Gov. Rod Blagojevich

BLAGOJEVICH: No, it's disgusting. Again, I'm not impugning your profession but you guys are into the glitz and the showbiz and the quick verdict, and you take one little conversation of a loving wife who expresses some frustration because she loves and defends her husband, and then you twist it and characterize it in a certain way and it's among the many bad things that have happened to us. My wife is a loving mother, a loving wife, a caring wife, and a caring sister and daughter. All I can say is she and I signed up for this so we're not here to complain about it, but this is again what happens sometimes when things are sensationalized and taken out of context, and they have a life of their own.

MCFADDEN: Governor I have to read you the quote. "Hold up that #*% Cubs #*%@*. F- them." She doesn't sound like much of a lady, to say nothing of a first lady.

BLAGOJEVICH: Well, again, you're taking something that again, completely out of context, that's a snippet of a conversation that, again, isn't remotely the whole story. And trying to characterize her in a certain way. It's really regrettable.

MCFADDEN: She has lost her job.

BLAGOJEVICH: She has and uh, it's unfortunate.

MCFADDEN: And there are allegations that part of what was being sought were board positions for her.

BLAGOJEVICH: The whole story will come out. Again, it's a whole bunch of baloney.

MCFADDEN: Can you just deny it, Governor?

BLAGOJEVICH: I am, I am.

MCFADDEN: Is that true? Board positions were sought in exchange?

BLAGOJEVICH: In exchange? Total baloney. Complete baloney. That would be wrongdoing and there was no wrongdoing.

MCFADDEN: And how about you looking for a job post-this, a high paying job with a union?

BLAGOJEVICH: Again --

MCFADDEN: True or false?

BLAGOJEVICH: The answer is, when the full conversations are put into their proper context you'll understand and appreciate there was no criminal wrongdoing.

MCFADDEN: But was it wrong? Did you do something wrong?

BLAGOJEVICH: The answer is no ... if you do an exchange of one for the other, that's wrong. But if you have discussions about the future and down the road and what you might want to do once you're no longer governor in a few years, what's wrong with that? Those are natural discussions people have. And in the wake of an election where you're talking to political advisors and others, where you're trying to map out what your future might be. Those are legitimate honest discussions. And again, they're being twisted out of context.

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