I would say that at least 1/2 of the people in the exchange are on blogger - and they have it working fine.
You aren't to REMOVE the iframe code... that is the only part you are to KEEP :-)
I can see this is what you have on your site:
<!-- EasyBanner Pro code begin -->
<center>
<script language="JavaScript">
document.write('<s + cript language="JavaScript" src="
http://themomblogs.com/traffic/work.php?n=5&size=1&j=1&c=&code='+new Date().getTime()+'"></s>');
</script>
<noscript>
<iframe vspace="0" frameborder="0" marginheight="0" marginwidth="0" height="150" src="
http://themomblogs.com/traffic/work.php?n=5&size=1&c=" hspace="0" scrolling="no" width="125"></iframe>
</noscript>
</center>
<!-- EasyBanner Pro code end -->
and it SHOULD be;
<!-- EasyBanner Pro code begin -->
<center>
<iframe vspace="0" frameborder="0" marginheight="0" marginwidth="0" height="150" src="
http://themomblogs.com/traffic/work.php?n=5&size=1&c=" hspace="0" scrolling="no" width="125"></iframe>
</center>
<!-- EasyBanner Pro code end -->