Ughhh... sounds pretty scary there. I had a brake piston on one of my front brakes blow a seal once (in a Dodge) and it did a similar thing. Pedal to the floor, ABS lit up. The fact it only happens above 50mph is concerning though. When mine went, it was a done deal. Brakes didn't work again so I wonder if it is with your ABS circuit. Do you notice if the brake pedal is vibrating like ABS is activating when it goes to the floor?