Blago Speaks, Briefly

Blagojevich reacts to his conviction.

Former Illinois Gov. Rod Blagojevich has been convicted of 17 of the 20 charges against him, many related to his attempt to sell or trade President Barack Obama's vacated Senate seat.

His defense team had insisted that hours of FBI wiretap recordings were just the ramblings of a politician who liked to think out loud. He faces up to 300 years in prison, although sentencing guidelines are sure to reduce his time behind bars.

He also faces up to five additional years in prison for his previous conviction of lying to the FBI.