Belafonte is to sell civil rights leader’s papers.  Three important documents written by or related to the Rev. Martin Luther King Jr., including notes for King’s last, undelivered speech, are slated for auction Thursday in New York, reports The Atlanta Journal-Constitution. Entertainer and civil rights activist Harry Belafonte, who had a close relationship with the Rev. King and King’s wife, Coretta, put up for auction the papers, which experts at Sotheby’s auction house have estimated in value at between $720,000 and $1.14 million. Read more here.

Charges against Rangel put Dems in a pickle. With Rep. Charles B. Rangel of New York the subject of an investigation by a House ethics panel over his ownership of several rent-controlled apartments in New York, his failure to pay taxes on an offshore rental property, and his use of office letterhead to solicit donations for a public-policy school that would bear his name, he could be in trouble with the Democratic Leadership that was critical of Republicans who behaved badly. Read the rest here.Fannie and Freddie were warned against the mortgage crash. Documents show that top executives at Fannie Mae and Freddie Mac were warned years ago that the firms were offering mortgages that could pose a long-term danger to the nation’s largest mortgage brokers, borrowers and the industry, The Washington Post reported on Tuesday. In documents obtained by the newspaper, Fannie and Freddie pushed into new, risky markets despite debates within the companies about whether the moves were the best way to go.