I found this, In case someone else runs into this same issue
The password for the WAM account is randomly recreated on a weekly basis and synchronized where needed. The IIS service will reset the IWAM password in the metabase on startup to match the IWAM password in the local SAM or Active Directory (for domain accounts). If this password has been changed in the SAM or Active Directory, and has not been changed in the DCOM component configuration, then the application will fail to start. The SyncIWAM.vbs script can reset the identity and password for these applications and allow them to start. The script is also located in the path \InetPub\AdminScripts\ and should be run under the CScript context.