Password reset results in Access Denied page

When I retrieve my password on the master site (D7), I get an e-mail with the one-time login-link.
When I click this link I see the page with the login button that should bring me to the user/edit page.

However, when I click the button I get an access denied. The logs say this

- User Baris Wanschers used one-time login link at time 1359729538.
- Session opened for Baris Wanschers.
- Logging out the user with the bad cookie.
- Session closed for Baris Wanschers.
- Access denied on user/518/edit

Any ideas what this could be? When I disable Bakery, the login links work fine.