Got this error when I tried to log on to a Windows 2008R2 server. I have never logged on to this server before, so it was not that my profile could have been deleted.
Solution to this was that there was a file within the default profile that was missing som permissions.
In this senario it was “C:\Users\Default\AppData\Local\Microsoft\Exchange Server\v14\Configuration3648_100.sqm”
Logged on with local administrator account.
Added “users” and “everyone” the Read permissions.
Now I could log on with my own admin account.