You should have used an oil based primer. Peel off what has now loosened and bubbled up, and resand it smooth as you can get it, and prime it all over again with oil based primer. Once the primer is good and dry, you can paint it with latex paint. It would be a good thing to put on two coats of oil based primer, just to make sure it is well sealed. However, if you get a good first coat and are not missing any spots, you can probably get by with 1 coat of primer.

^^^^ exactly. At this point I would probably put 60 grit sandpaper in a palm sander and go over the whole wall to remove the loose bits and follow with a thick coat of one hour oil primer. A light sand with 120 paper and joint compound for any damage, then prime and paint.

Thank you so much!