Why is it the Fed’s job to prevent banks from failing?
According to the Fed itself, the number of commercial banks in the USA declined by 20% from 1920-29 anyway.
Besides, is there a government / private agency to prevent computer companies, railroads, or any other business from failing?
Depends. Why are the banks failing?
Besides, is there a government / private agency to prevent computer companies, railroads, or any other business from failing?
I can't think of one.