English teachers the world over must’ve loved the way Jon Stewart taught us the gerund.

Commemorating the first anniversary of the Lehman Brothers collapse, Stewart riffed on this clip of President Obama’s speech to Wall Street.

Obama: “We’re proposing the most ambitious overhaul of the financial regulatory system since the Great Depression…”

Stewart: “Proposing?  Gerund?  Proposing?  Haven’t done it yet?”

Thanks, Jon. You’re a faux-news guy who jokes like an English Major.