Let's put it this way, for a while now, I've thinking of writing my own book entitled
"Broken Gold: How the Money in the Bank Ladder Match Destroyed the World Titles of Professional Wrestling"
While there are many reasons behind why the world titles have been devalued in WWE over the years, not only single reason comes close to the Money in the Bank Ladder match IMO. I don't care what anyone says. While I am still too disgusted with the situation to even BEGIN to really get into how ridiculous the whole idea is, I can say that one word sums up the money in the bank match and WWE's overall booking and building of stars - LAZY.
This guy seems to have the right idea as far as the situation goes beyond the MITB match....
The Money in the Bank isn't the direct reason, but the thought process behind the concept is most definitely to blame. WWE has forgotten how to properly build stars. Their ratings are low and they need to keep fans interested, so they jump around for person to person, throwing the belt on whoever seems popular, hoping to find the next big thing to revolutionize the product. But it doesn't just happen that way.
Back since mid to late 2009, it seems WWE finally got wind of the idea that some of their stars were getting old. By the time Edge shocked the world and retired after Mania 27, they went into a pure panic mode. All this resulted in them hot shotting guys to the top over the years such as Jack Swagger, CM Punk, The Miz, Alberto Del Rio and even Daniel Bryan. Bryan is one of the most respected guys in the IWC and i love him. Was a huge fan of his ROH work, but even i know, as great of an in ring technician he is, no world title belongs around his waist in WWE, not even close. But that is what WWE has become... Lazy. Gone are the days of building up a guy properly like Austin was, Rock was, and Triple was, etc. Now, if WWE sees potential in you, you're either getting the world title (i.e. Sheamus at TLC 09, Dolph Ziggler in 2010) or they are protecting you to the point where you are like pure gold as seen with someone such as Cody Rhodes.
WWE has lost many stars over the years, such as retirees like HBK, Ric Flair, JBL and Edge, and guys who have just ended their wrestling careers early like Batista and Brock Lesnar. Something happened along the way with WWE. In my opinion, Vince mcMahon seems to THINK that fans have a short attention span or something along those lines. Last year was the most disgusting portrayal of the world title swapping yet. I understand they always want to keep us on our toes, but I've never seen anything like it. It took Hulk Hogan 25 years to win 12 world titles, meanwhile John Cena has that amount in just 10. Legends like Roddy Piper and Mr. Perfect never had a single world title reign, yet Dolph Ziggler and Daniel Bryan do in what has been a blink of an eye.
Thats right, does anyone even remember the joke that was on Smackdown last year when for whatever reason Dolph was awarded the world title on Smackdown only to LOSE it that night to Edge for his 11th reign??? I'd like to be in the room to hear these people when they decided that.
The company has become a joke in my eyes because of this, and I've had it for a while. I think I was just about done when Miz cashed in his briefcase. There Randy Orton was, solid champion who WWE of course threw the belt on at NOC 2010 because he was getting a good reaction as a face, and just 2 1/2 months later without any classic matches or any REAL build under his belt, Miz wins the WWE title.
So in my opinion, its been a lot of things, and while some may argue the brand split, I don't so much. It's always better with one world title for sure, but the MITB briefcase is undoubtedly the main culprit.