Brake Abs Warning Light problems of the 2001 Chevrolet 1500

I was pulling into parking space and there was no brakes also happened when I was pulling out of parking lot of store . I took to gm dealer and was told that both hub bearings were loose and that is what caused me to lose all my brakes. I hit a concrete handicap sign was lucky not another car in front of me. Why would gm make a truck that would lose its brakes if a bearing was loose I am afraid to drive truck that the same thing might happen again and maybe the next time I won't be so lucky. There was no sign of anything wrong with the exception of 4 days earlier my abs light flickered on then off 1 time. Remained off after that.

I have a 2001 chevy silverado. At about 70,000 miles (2. 5 yrs ago) both the emergency brake and the abs dash lights became to come on simultaneously. I have in the past few years made several brake pad replacements and replaced the emergency brake. I have also spoken with several retail automotive centers and received no positive resolution. Still the lights continue to come on. It wasn't until today that I learned about the electronic brake control module. To think that I had been driving with out abs for almost 3 years now. Upon trying to obtain some information on the product and the problem, I was shocked and angry to find so many forums and sites where this same problem is happening to so many other people. It appears that this is wide spread problem with no easy solution. From a dealer the cost of repair is around $1500. I have done a lot of my own work on my truck, and am frustrated that a small electrical component will in the end cost me the greatest amount of money and frustration. Such an intregal component, with a very important purpose (brakes), should have a longer operating life or be made more available and affordable for replacement. At least it should be covered by a warranty.