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When I hist CMD+D I get a fully expanded list of all folders in my Bookmarks. Even worse, it's quite hard to find where the favo(u)rites folder is and where the bookmarks folder is.

On Safari, if I hit CMD+D, I get a dialogue showing the last used folder name and when I click on that name I can also choose between the two "main" folders "Bookmarks Bar" and "Bookmarks Menu" below.

Then I can drill down the hierarchy of folders. The hierarchy is not expanded at all here, it unfolds as you hover over the folder names. Folders have triangles to the right of the folder name and are not expanded by default, I get proper submenus as in a "normal" hierarchical menu.