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Jon Stewart On Sterling: 'I'm Racist, But My D*ck And My Wallet Are Not' (VIDEO)

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On the subject of Sterling, Stewart marveled that a man who made his money off the labor of a mostly black basketball team could have allegedly told his mixed-race girlfriend not to bring black people to the team's games.

"It's that age-old story -- yeah, I'm racist, but my d*ck and my wallet are not," he said.

That's not even the weirdest part of the story, Stewart continued. The National Association for the Advancement of Colored People was scheduled to honor the "racist swinger" before his remarks led them to revoke his prize.

“Take that, Sterling! Because of your unrepentant racism, you only get one NAACP lifetime achievement award!” he said.

Despite all the ire directed at the likes of Sterling and Bundy, of "are they better off as slaves" fame, Stewart noted that both insist their recorded comments were not in fact racist.

"Here's the thing about racism in this country," Stewart said. "The reaction to Sterling and Bundy, the overwhelming condemnation, makes it clear we have made enormous progress in teaching everyone that racism is bad."

"Where we seemed to have dropped the ball is in teaching people what racism actually is," he observed.

Watch below, courtesy of Comedy Central: