I'm not so sure all Ferraris can take all Camaros. The Camaro Big Block would ruin the lower end Ferraris. 500bhp 500 cubic inch engine and zero to sixty in less than 4 seconds is alot of american pwnage. Too bad so few of them existed. Older Camaros with 400+ cubic inch engines are monsters when drag racing, especially ones with the SS badge. IROC Camaros are very fast as well, nothing to take lightly, even in a Ferrari. Ferraris would win hands down if there were turns in the road though. Don't underestimate american steel, I've seen my brother's Porche 924 get pwned by Mustangs and Impala SSs.
Keep in mind, most Ferraris and other exotic italian/german/english cars are tuned to their maximum, and follow less stringent emissions laws. American cars are hindered by two catalytic converters and a bevy of car-slowing devices. If you tune an american car like you tune an exotic, it becomes quite an impressive difference.