SharePoint:"Access is denied. Check that the Default Content Access Account has access to this content"

If you have this issue....

Check the steps

The resolution for this was to add the following registry key

1) Click Start, click Run, type regedit, and then click OK.
2) In Registry Editor, locate and then click the following registry key:
HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\Lsa
3) Right-click Lsa, point to New, and then click DWORD Value.
4) Type DisableLoopbackCheck, and then press ENTER.
5) Right-click DisableLoopbackCheck, and then click Modify.
6) In the Value data box, type 1, and then click OK.
7) Quit Registry Editor, and then restart your computer.

http://support.microsoft.com/kb/896861