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Q: ANTI LOCK AND Brake Fluid RED LIGHTS ARE ON on 1990 Saab 9000

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Well here goes. I HAVE VERY LITTLE BRAKING POWER. Both lights are on the brake fluid resevoir is full and the anti brake light is on.How much is this going to costs me to fix? It ain't cheap. I had to use the emergency brake to get home. Give me the bad news and give it to me straight.
(1) Answer
The bad news is, no one can tell you whats wrong with your brakes, or how much it will cost, until a shop looks at your car, and determines the problem(s).