"The application failed to initialize properly (0xc0000022)."

I get this error when trying to start a program.  From searching on these forums, it appears to be due to a problem with some DLL somewhere on the system.  How do I figure out WHICH dll is the problem and WHAT the specific problem is?

I've tried running under various debuggers, but the error seems to occur before ever reaching the main function or anything I can access via the debugger.