Euler-Bernoulli Beam

With this posting I would like to ask the developers of FEATool why the transient analysis of Euler-Bernoulli beam bending equation problem is not correctly solved. It does not work as an hyperbolic problem with a second-order time derivative, instead it works as a parabolic (damped) problem with first-order derivative.  Even though the equation script shows a second-order operator in time, the response is as if a first-order in time equation is solved, as in the case of transient heat transfer equation.  This is true for 2D or 3D transient elasticity equations too.  

Also, why are the boundary conditions either fixed (clamped) at one end, free or point load in the other end.  In other words, why a simply supported beam can't be solved?