ACA Management and IKB
ACA Management and IKB  Deutsche Industriebank (IKB) are two lower-profile players in the Goldman Sachs saga. ACA is the third party hired by Goldman to manage the Abacus deals, in an effort to add credibility to the CDOs. Although conscious of Paulson's involvement in the transaction, according to the SEC, ACA was unaware that Paulson was betting against the mortgage market. If accepting the SEC's information, ACA was a mere casualty of Goldman and Paulson's financial scheming. IKB is the main investor who bet on the Abacus CDOs, and consequently, the main financial victim. In the end, the Abacus deal cost IKB about $150 million, which Paulson advantageously gained.

Some analysts question the ignorance of the insurance company and German bank. Should they have known better? As sophisticated investors, IKB and ACA are not wholly blameless. Both knew they were engaging in risky behavior. But without proper disclosure from Goldman, the two firms became misguided victims. For low-profile firms, the Goldman fall out can act as both a cautionary tale for entering risky transactions and an opportunity to acquire Goldman's disgruntled clients.