I can confirm this with 12.04 (precise)
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https://bugs.launchpad.net/bugs/515155
Title:
unlocking screensaver hangs when ecryptfs is unmounted
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The workaround suggested by Patrick Dessalle on 2011-07-07 worked for me
as well.
Inspecting the saved passwords with Seahorse, I found out that the
*account name, not the password* had been saved as IM account password
for jabber. No wonder it could not authenticate.
After deleting it, the