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I found a fix to this required a change in an IIS application pool setting on my localhost. As described here: http://support.microsoft.com/kb/2002980
🙂
July 24, 2014 at 3:04 pm
#1732210
I am getting a similar error ("Error creating the Web Proxy specified in the 'system.net/defaultProxy' configuration section ... access to the path 'Global\.net clr networking' is denied.
This arises from attempting...
November 16, 2008 at 2:37 pm
#899099