The demonstration began around 7:30 a.m. There were about 25 people protesting for families facing foreclosure by Deutsche Bank.
The man was dangling from a traffic light on Avenue of the Stars, just south of Santa Monica Boulevard.
Police responded and asked the protester to lower himself down, and he said he would, but when his gear malfunctioned, he was forced to ask for help. A large air bag was deployed underneath the protester in case he fell.
Northbound Avenue of the Stars was closed north of Olympic Boulevard.