According to N.O.R.E., the trouble started when Jay backed out on an agreement to make him president.

"This is the only problem that I had: He said, 'Yo N.O.R.E., I'm gonna make you the president of Roc-La-Familia,'" the Queens bred MC stated. "So here I am, I'm like, that's big for me. And then next week, he says, "Juan Perez is the president of Roc-La-Familia."

Despite the switch up, N.O.R.E. insists that it is still all good between the two of them.

"I am not mad at Jay-Z, I really wanna clear that up," he said. "Jay-Z's a wonderful businessman. He's ill. For me to say he's a wack businessman, then that makes me wack. Clearly that's not what I'm saying. But with the Spanish music, he clearly did not know."

Things apparently weren't all good with Perez, however, because things between yhe two of them soon went down hill.

"I don't think he was a Dame Dash, per say, but I think he didn't have to be a Dame Dash, he had to be who he was at that time but here's my problem that came up with that," N.O.R.E. added. "I tell him one day, 'Yo O.G., I need a flight to Puerto Rico 'cause I gotta do a record with Daddy Yankee and Don Omar, [and] his exact words to me was 'F*ck Daddy Yankee and Don Omar.'"

N.O.R.E. ended up leaving the label in 2007, but things for him got anything but better, as he battled depression, ballooning to 310 lbs.

"I was depressed from what I did with the Reggaeton and I don't regret what I did with the Reggaeton, I regret how it went down," he added. "But I became depressed."

As previously reported by Yo! Raps, a new CNN album is due out in 2009.

- By Erin T. McMillon