bug#2801: 23.0.90; ls-lisp-insert-directory: Variable binding depth exceeds max-specpdl-size

emacs -Q
 
C-x 4 d, then enter -alFR and the name of a directory that has a few
subdirectory levels. The error message appears after a few seconds.
 
However, using -alR works fine.
 
The same bug is in Emacs 22.3.
 

In GNU Emacs 23.0.90.1 (i386-mingw-nt5.1.2600)
 of 2009-02-01 on SOFT-MJASON
Windowing system distributor `Microsoft Corp.', version 5.1.2600
configured using `configure --with-gcc (3.4)'
 
Important settings:
  value of $LC_ALL: nil
  value of $LC_COLLATE: nil
  value of $LC_CTYPE: nil
  value of $LC_MESSAGES: nil
  value of $LC_MONETARY: nil
  value of $LC_NUMERIC: nil
  value of $LC_TIME: nil
  value of $LANG: ENU
  value of $XMODIFIERS: nil
  locale-coding-system: cp1252
  default-enable-multibyte-characters: t
 
Major mode: Dired by name
 
Minor modes in effect:
  tooltip-mode: t
  tool-bar-mode: t
  mouse-wheel-mode: t
  menu-bar-mode: t
  file-name-shadow-mode: t
  global-font-lock-mode: t
  font-lock-mode: t
  blink-cursor-mode: t
  global-auto-composition-mode: t
  auto-composition-mode: t
  auto-encryption-mode: t
  auto-compression-mode: t
  line-number-mode: t
  transient-mark-mode: t
 
Recent input:
C-u C-x 4 d F R <return> C O N T R I B <return> <help-echo> 
<help-echo> <help-echo> <help-echo> <help-echo> <help-echo> 
<help-echo> <menu-bar> <help-menu> <send-emacs-bug
-report>
 
Recent messages:
For information about GNU Emacs and the GNU system, type C-h C-a.
ls-lisp-insert-directory: Variable binding depth exceeds max-specpdl-size