Tech billionaire: Another 2008 crash is "certain"

Bill Gates: We will have another financial crisis like the one in 2008—it's a 'certainty'

The 2008 financial crisis led to the Great Recession and millions of jobs lost. It took years for America to recover and many citizens still feel the ripple effects. According to Microsoft co-founder Bill Gates, though, we should be braced for another one.

During a Reddit "Ask Me Anything" last week, when Gates was asked if, in the near future, the U.S. will have another crisis similar to the one in 2008, he offered a blunt response: "Yes. It is hard to say when but this is a certainty."

He added, "Fortunately, we got through that one reasonably well. Warren has talked about this and he understands this area far better than I do."

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