The paper should be at least 11-15 pages long (including references but excluding tables and charts), double-spaced. Please use Times New Roman font size 12, A4 paper size leaving a 1 margin on each sidePaper should focus on Long Term Capital Management. Mortgage-Backed Securities and Risk Taking by Financial Institutions. Do you think that institutional investors that purchased mortgage-backed securities containing subprime mortgages were following reasonable investment guidelines? Address this issue for various types of financial institutions such as pension funds, commercial banks, insurance companies, and mutual funds. Your answer might differ with the type of institutional investor. If financial institutions are taking on too much risk, how should regulations be changed to limit such excessive risk taking