Trump turned one of the GOP's best Clinton attacks around on himself

During Monday night's Presidential debate, Republican nominee Donald Trump managed to turn one of the most effective attacks against Democratic nominee Hillary Clinton on himself.

It has to do with Wall Street.

When Clinton brought up Trump's debt and business dealings, she cited a report that said the real estate mogul might owe "Wall Street and foreign banks" as much as $650 million.

Trump went on a tirade to defend himself, and the businessman made very little sense.

From the Washington Post's transcript, emphasis ours:

"The other thing, I'm extremely underleveraged. The report that said $650 -- which, by the way, a lot of friends of mine that know my business say, boy, that's really not a lot of money. It's not a lot of money relative to what I had.

"The buildings that were in question, they said in the same report, which was -- actually, it wasn't even a bad story, to be honest with you, but the buildings are worth $3.9 billion. And the $650 isn't even on that. But it's not $650. It's much less than that.

"But I could give you a list of banks, I would -- if that would help you, I would give you a list of banks. These are very fine institutions, very fine banks. I could do that very quickly."

Given that Trump hasn't released his tax returns and still basically refuses to, we would love to see that list. But that's beside the point. The real point here is that Wall Street, by virtue of the developer's debts, in some ways owns Donald Trump.

Owing favors to Wall Street is an aspersion he and others have cast on Clinton many times, accusing her of coziness with the industry because of her paid speaking engagement at banks, specifically Goldman Sachs.

Of course, getting paid by Wall Street is very different from owing Wall Street money, and Clinton was right to point out that if Trump makes it to the White House, we won't know what kind of favors Trump may owe.

And not just to one bank, for one speaking engagement — to a list of them for an undisclosed number of millions of dollars.

Photos of the first Clinton, Trump presidential debate:

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Hillary Clinton, Donald Trump face off in first presidential debate
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Hillary Clinton, Donald Trump face off in first presidential debate
U.S. Secret Service agents walk onto the debate floor before the first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Lucas Jackson
Workers on the stage prepare for the first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Brian Snyder
A TV cameraman works during a rehearsal for the first U.S. presidential debate at Hofstra University in Hempstead, New York September 25, 2016. REUTERS/Rick Wilking
The media center for the first U.S. presidential debate is seen at Hofstra University in Hempstead, New York, U.S. September 24, 2016. REUTERS/Rick Wilking
Ivanka Trump arrives for the first presidential debate at Hofstra University in Hempstead, New York on September 26, 2016. / AFP / Timothy A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
Chris Christie, governor of New Jersey, waves to an attendee in the audience ahead of the first U.S. presidential debate at Hofstra University in Hempstead, New York, U.S., on Monday, Sept. 26, 2016. Hillary Clinton and Donald Trump meet Monday night for a presidential debate that will give them their broadest exposure to voters and promises to be a pivotal moment in a long and increasingly close race. Photographer: Daniel Acker/Bloomberg via Getty Images
HEMPSTEAD, NY - SEPTEMBER 26: Republican presidential nominee Donald Trump's wife, Melania Trump greets with Democratic presidential nominee Hillary Clinton's husband and former U.S. President Bill Clinton during the Presidential Debate at Hofstra University on September 26, 2016 in Hempstead, New York. The first of four debates for the 2016 Election, three Presidential and one Vice Presidential, is moderated by NBC's Lester Holt. (Photo by Drew Angerer/Getty Images)
Republican candidate for Vice President Mike Pence looks on before the first presidential debate at Hofstra University in Hempstead, New York on September 26, 2016. / AFP / Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)
Democratic U.S. presidential nominee Hillary Clinton waves after the first presidential debate against Republican U.S. presidential nominee Donald Trump (not shown) at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Adrees Latif TPX IMAGES OF THE DAY
Democratic nominee Hillary Clinton (L) and Republican nominee Donald Trump leave the stage after the first presidential debate at Hofstra University in Hempstead, New York on September 26, 2016. / AFP / Timothy A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
Democratic nominee Hillary Clinton (R) gestures next to Republican nominee Donald Trump during the first presidential debate at Hofstra University in Hempstead, New York on September 26, 2016. / AFP / Timothy A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)
Republican U.S. presidential nominee Donald Trump and Democratic U.S. presidential nominee Hillary Clinton speak during their first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Adrees Latif
Moderator Lester Holt presides over the first debate between Republican U.S. presidential nominee Donald Trump and Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Joe Raedle/Pool
Melania Trump (L-R), the wife of Republican U.S. presidential nominee Donald Trump, sits with his daughter Ivanka Trump, Republican vice presidential nominee Mike Pence and Pence's wife Karen Pence during Trump's first debate against Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S. September 26, 2016. REUTERS/Jonathan Ernst
New Jersey Governor Chris Christie (R) and former New York City Mayor Rudy Giuliani chat as they take their seats ahead of the start of the first debate between Republican U.S. presidential nominee Donald Trump and Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Mike Segar
Dallas Mavericks owner Mark Cuban arrives at the U.S. presidential debate between Republican U.S. presidential nominee Donald Trump and Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Mike Segar
Las Vegas casino magnate Sheldon Adelson sits with his wife Miriam as they await the start of the first debate between Republican U.S. presidential nominee Donald Trump Democratic and U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Lucas Jackson
Promoter Don King Don King (C) speaks with Las Vegas casino owner Sheldon Adelson prior to the first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Mike Segar
Former U.S. President Bill Clinton (C) talks with his daughter Chelsea Clinton prior to the first presidential debate between Republican presidential nominee Donald Trump and U.S. Democratic presidential candidate Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. At right is Marc Mezvinsky, the husband of Chelsea Clinton. REUTERS/Carlos Barria
Republican U.S. presidential nominee Donald Trump and Democratic U.S. presidential nominee Hillary Clinton speak during their first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Adrees Latif
Republican U.S. presidential nominee Donald Trump reacts during the first presidential debate with Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Lucas Jackson
Democratic U.S. presidential nominee Hillary Clinton smiles during the first presidential debate with Republican U.S. presidential nominee Donald Trump at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Brian Snyder
Republican U.S. presidential nominee Donald Trump reacts during the first debate with Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Lucas Jackson
Democratic U.S. presidential nominee Hillary Clinton speaks during the first presidential debate with Republican U.S. presidential nominee Donald Trump at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Lucas Jackson
Republican U.S. presidential nominee Donald Trump speaks as Democratic U.S. presidential nominee Hillary Clinton looks on during their first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Lucas Jackson
Republican U.S. presidential nominee Donald Trump speaks during the first presidential debate with Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Lucas Jackson
Debate moderator Lester Holt of NBC News replaces his jacket after a technician fixed his earpiece before the first debate between Republican U.S. presidential nominee Donald Trump and Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S. September 26, 2016. REUTERS/Jonathan Ernst
Republican U.S. presidential nominee Donald Trump pauses during the first debate with Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Lucas Jackson
Democratic U.S. presidential nominee Hillary Clinton and Republican U.S. presidential nominee Donald Trump speak during their first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Adrees Latif
Republican U.S. presidential nominee Donald Trump and Democratic U.S. presidential nominee Hillary Clinton discuss a point during their first presidential debate at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Joe Raedle/Pool
Donald Trump, 2016 Republican presidential nominee, speaks during the first U.S. presidential debate at Hofstra University in Hempstead, New York, U.S., on Monday, Sept. 26, 2016. Hillary Clinton and Donald Trump meet Monday night for a presidential debate that will give them their broadest exposure to voters and promises to be a pivotal moment in a long and increasingly close race. Photographer: Andrew Harrer/Bloomberg via Getty Images
Democratic U.S. presidential nominee Hillary Clinton pauses during the first presidential debate with Republican U.S. presidential nominee Donald Trump at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Joe Raedle/Pool
Republican U.S. presidential nominee Donald Trump sips water during his first debate with Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Joe Raedle/Pool
Republican U.S. presidential nominee Donald Trump (2nd from L) chats with members of his family after the conclusion of his first debate with Democratic U.S. presidential nominee Hillary Clinton at Hofstra University in Hempstead, New York, U.S., September 26, 2016. REUTERS/Adrees Latif
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This is Clinton using a popular argument against her — that she's too cozy with finance's rich and powerful — against Trump, who has painted himself as the everyman who just happens to own a private jet with his name on it.

Trump praising banks — those "very fine institutions" in his words above — couldn't have happened at a worse time. Just last week John Stumpf, the CEO of Wells Fargo, was on Capitol Hill expressing his regret over a horrible scandal in which his employees, motivated by incentives and pressures to drum up new business, created fake accounts and opened fake credit cards for unwitting customers.

It's an easy scandal to understand. And America is very angry. Almost 90% of Americans want Stumpf to resign. The company has to pay $185 million in fines, but of course that's less than Stumpf's own $200 million in annual compensation.

So now is not a good time for Trump to have to explain which banks own pieces of his empire, and how many millions he owes them. And it is certainly not the time to be talking about "very fine banks."

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