You cannot make this stuff up.
Matthew Yglesias has clear and convincing evidence that he does not:
The president wants this election to be the White House vs. Wall Street. But if it’s really Harvard Business School vs. Harvard Law School, I’ll take the M.B.A. over the J.D. every time.
Something Ferguson might want to consider is that Mitt Romney has a J.D. from Harvard just like Barack Obama. And George W. Bush—perhaps not America's finest leader—has an M.B.A. from Harvard just like Mitt Romney.