Meryl Streep: 'It was a privilege' to become 'The Iron Lady'

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PHOENIX -- She's never done a bad role, but Meryl Streep as one of England's most famous prime ministers should be a slam dunk come award season.

She has already taken home a Golden Globe for her turn as Margaret Thatcher in  "The Iron Lady" and just received a BAFTA (British Academy of Film and Television Arts) nomination. The Academy Awards nominations are less than a week away, and many say she's sure to be on the list.

Streep, who already has two Oscars to her name, joined Scott Pasmore and Yetta Gibson live via satellite Thursday morning.

The actress is known for immersing herself in her roles and those who have seen "The Iron Lady" say her portrayal of Thatcher is spot on.

"It was a privilege to sort of imagine what this life was like," she said of her role. "There were so many surprises about her.

"In a way, the exterior things are the easiest parts," she continued, talking about playing an actual person as opposed to a fictional character. "The stuff that makes you feel there's a human being there, that's where I recognize myself in these people that I've played. I have a little, tiny theory that we're not very much different from each other."

"The Iron lady" is rated PG-13. It's in theaters now.