NCAAbbs

So:

Was the $350/700 billion bailout that just had to be approved now now now no questions-no modifications-no oversight fumbled as badly as it now looks?

No. It worked as intended and that was first to provide stability to banks. LIBOR has dropped significantly recently which is a sign banks are starting to lend to each other. Second, there is no longer great fear of large banks failing. There will be smaller bank failures and then major consolidation amongst the larger banks.