Description of Problem:

If you want to RUN a program where the path is relative to ~/ and it 
resides in a subdirectory, eg. ~/bin/foo, bash fails to identify the 
directory correctly if TAB is pressed.

Version-Release number of selected component (if applicable):

bash-2.05b$ bash --version
GNU bash, version 2.05b.0(1)-release (i686-pc-linux-gnu)

How Reproducible:

Always.

Steps to Reproduce:
1. bash-2.05b$ ~/bi[tab]
2. 
3. 

Actual Results:
bash-2.05b$ ~/bin[space]


Expected Results:
bash-2.05b$ ~/bin/

Additional Information:
/home/bar/bi[tab] works as expected.