No. Traditionally, rear wheel drive vehicles had front disc and rear drum brakes. This system is split front vs. rear (instead of diagonally as in all disc).
The wobble in the front wheel (rotor) forced the calipers so far apart that the front hydraulics were effectively inoperative (though no "leaks"). As such, only the cylinder for the rear axle was operative.
Front brakes do *most* of the stopping in a car. Having to resort to just the rear *drums* leaves you with severely compromised braking. Esp for a "full size" car (i.e., what *used* to be called "full size"... not the midget mobiles they call full size nowadays!) traveling at a high rate of speed.
With the parking brake link missing on one side, that side had effectively no stopping power and the other side had reduced capability due to the added slack in the cable.