It’s Sunday afternoon, and two-dozen San Francisco homeowners and activists are gathered in front of venture capitalist Peter Briger’s house, in the wealthy South Bay suburb of Atherton chanting, “Come out and talk to us! Don’t throw us under the bus!”
Briger is co-chairman of Fortress Investment Group, which owns the company foreclosing on some of the demonstrators’ homes. A protest two weeks earlier at the downtown San Francisco offices of the company did not draw a response, so they are taking their concerns to Briger’s home.
The recent $26 billion bank settlement found that the nation’s five largest banks engaged in a pattern of unfair and deceptive practices in servicing mortgages and dealing with loan modifications. And yet, hundreds of thousands of Californians have lost their homes.